Aug 052010

Another quick morning.  The ES opened in a second push down into the the 16.25 / 18 level.  The sellers tried very hard to push the ES lower (over 20K contracts) and couldn’t get lower than 15.50 creating a good long opportunity.

The levels are well defined today and should present some additional opportunities if the market can get above the OH or below the current low at15.50.

 Posted by at 10:14 am

  2 Responses to “8/5/2010 Post Trading Analysis”

  1. NJ
    The total volume in the trade bar was 26001? I am getting different numbers. Are you using a big lot setting there?

  2. That bar was not closed when I took the snapshot. I’m showing 43429 in the closed bar.

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