The key levels and scenario posted last night worked very well today. I posted "we may get a small range extension to the downside, but I'm expecting the 1088s to hold as support" -- that worked out nicely. We got a 2.25 point range extension beyond yesterday's Low of 1090.75. Responsive buyers came in at 1088.50 and pushed price back into the Initial Balance. Beyond that, I was anticipating a test of the IB high, and we got that as well. Overall, the scenario worked out great! I hope you banked some $$$ going into the weekend! Review my annotated 5-minute chart for details.
ES 5-Minute Chart for 12/18/09 Includes Overnight Globex
No comments:
Post a Comment
At the minimum, please provide your name or Twitter handle when posting comments. Do not post as Anonymous. Comments that contain links to commercial websites will be marked as spam.