US Market 2010-11-10

By News Robot
    ESNQ
    AH High1213.502182.25
    AH Mid1210.752176.38
    AH Low1208.002170.50

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  • Lawrence Chan November 10, 2010 at 10:11 am

    Directional 1st 30-min.

    GBPUSD bounced off previous week low but EURUSD is falling off the cliff and USDJPY is zooming another 100 pips higher.

    => Bearish for ES

  • Lawrence Chan November 10, 2010 at 10:42 am

    w. spring against S1.

    previous day low is now resistance.

    If it turns into support, PP in play.

  • Lawrence Chan November 10, 2010 at 11:50 am

    Previous day low taken out, mini high low swings all the way.

    ORH and PP in play.

  • Lawrence Chan November 10, 2010 at 11:54 am

    NQ filled most of the gap this morning. Good reason to bounce.

  • moneymonkey November 10, 2010 at 12:08 pm

    ES test day high turn.

  • Lawrence Chan November 10, 2010 at 12:33 pm

    NQ took out ORH and at day high zone now.

  • yamen November 10, 2010 at 1:24 pm

    On the weekly level, ES just tagged ORL and VWAP from below – happens to be PP on daily also. Implications?

  • Lawrence Chan November 10, 2010 at 1:24 pm

    PP tagged. Morning bias used up at this point in time.

    However, we now get 1 pm new high + IHS on RTH 5-min. =)

  • Lawrence Chan November 10, 2010 at 1:35 pm

    The weekly ORL + PP will likely act as resistance because it is first touch.

  • Lawrence Chan November 10, 2010 at 1:58 pm

    Important time is now. Should previous day close act as support and a breakout above PP happens, R1 at 21.50 in play.

  • Lawrence Chan November 10, 2010 at 2:05 pm

    Why I changed to bullish view since late 11 am?

    The custom tick indices turned extremely bullish in 11 am slot.
    Since then, the tick indices stayed bullish all the way.

  • moneymonkey November 10, 2010 at 2:42 pm

    ES one minute time frame, forming a higher low breakout upside from PP could tag R1.

  • Lawrence Chan November 10, 2010 at 2:55 pm

    Almost 3 pm – not enough time for short side setup to develop unless we get a directional breakdown from here.

    So what does that mean? It means it is more likely we will see 1 more new high in 3 pm slot.

  • Lawrence Chan November 10, 2010 at 3:19 pm

    Still going nowhere. No time for any setup now as close is within 40 mins.

  • Lawrence Chan November 10, 2010 at 4:58 pm

    Left before mkt close as I have some personal things to attend to.
    Looks like they almost made it for the 3 pm slot new high =)

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