I wasn't expecting such a narrow range day (8.75 points from Low to High). Only consolation is that narrow range days are typically followed by wide range days. I was using the 1141 level as Line in the Sand to establish directional bias (bullish above, bearish below). Most of the volume today was above 1141, and that level is still "in play". I was Long at 41.75 and exited in the 1145.25 area ahead of the IB High. We got a rotation back to the Initial Balance off the Initial Resistance Zone near the close.
ES 5-Minute Chart for 01/14/10
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