- Today was a choppy advance with buyers aggressive, see tick activity in green.
- VWAP held price all day with the EMAs 10>20>50 and an ascending trend-line intact.
- Notice the little bull flags during ascent.
- All time highs taken out , and I'm looking to hold a swing long overnight on half. Intel earnings good, so looking for a little more boost tomorrow.

conclusion:
- Long @ 1142.5 ,stops below previous day's close and VWAP
- target 1 previous high and then R1
- 1 targets hit, holding the rest overnight

Tally:
+ 3 ES points (150/contract)

-Today was a gap fill day, from Monday's drop ,see 1hr chart. Perfect fill.
- It worked as a magnet all day long..
- I have to be honest i missed the entire day today except for a couple scalps later in the evening.
-If i were to play it,it would look like the 5 min set up above.
- buy to fade an extreme down tick (red dot) or wait for the declining trend-line break and buy a VWAP breakout @ 1132.5.
- help for the trade would have come from the emas, 10>20>50 , and/or the ascending trend-line as a stop area.
- also notice the falling wedge towards the close..
- my targets are potential resistance area to pay attention to i.e target 1 (day pivot), target2 (previous days high), target 3 ( resitance R1)

Hope that helps.. Great day to trade though.

Note:
-The 1 hr could go either way, double top potential formation,unless we breakout to new highs. - - There's this long falling wedge that could trigger a correction down the road.
- Thus a close below today's low @1129, could give life to a correction..

- The corrective move i anticipates has come, not sure where we go from here , I'm just going to follow price.
- My trading system played well into the weakness, utilizing day's pivots to determine support/resistance areas and tick volatility to determine where volume's moving to.
- Thus an opportunity to short for a day trade. Support S1 and yesterday's low (dotted red line), held price down. Took a short below VWAP (dotted magenta line).
- Held through the trend line, taking some off at S2 as price dropped.
- Notice how sellers were aggressive to hit exits as tick alerts increased ( red dots) .

conclusion:
- Shorts @ 1136, stops above S2 @ 1138.
- Initial target S2 then yesterdays s2.. All target hit..

Tally:
+6 ES points ( $300/ contract)

- Today's action was caught between the VWAP and day's Pivot, narrow range
- I changed my Tick trigger to 800 to get more alerts and a good feeling of who's doing what. Looking at today's action, the buyers remained aggressive triggering more alerts.
- Thus i took a position, for a day trade at the pivot, since sellers were not pushing the exits.

conclusion:
- Long @ 1139 stops below pivot.
- targets - yesterday's highs. Target hit and exceeded.. Eeking out a 3 pointers..

Tally:
+3 ES points ($150 / contract)


note:
- longs still good, but i'm getting cautious with the Hourly macds in the negative and the posibility of some type of corrective move..

- Stops triggered on yesterday's 1/2 position @ 1130. However, the yesterday's lows (red dotted line) held given support S1 @ 1128.
- Got back in @1130 with a stop below support..

conclusion:
-Longs still in play.
- Initial target R1 @ 1136 on a break of yesterday's highs( Green dotted line).
- Stops are now below Pivots 1131..

Tally:
+6 ES points ($300 per contract)

** target hit tommorrow is a big day ,with big swings up or down **

- Stops have been moved to todays lows@ 1130. I'm hoping we hold those.
- Initial target met @ 1134.5, took some off, holding the rest for a breakout.
- it's now a free trade.

conclusion:
- Longs still in play. Wary of a possible head and shoulders formation on the 5 min chart..

Tally:
+6 ES points (($300 per contract)

Tick sentiment Jan 5 2010

- Yes , I'm back..Happy new year folks..
- Bullish start for the week. Tick extremes still kicking with bullish sentiments.
last day of the year recorded a down tick with a low @ 1109.75. I couldn't get myself to buy, lest a full blown correction was to start.
- Anyway got an opportunity today later in the afternoon at the 50 ema off the 15 min chart after the fade from the highs in the Am.

conclusion:
- Long @ 1128 with stops @ today's lows.
- initial target S1 1135 and target2 @ 1140 or S2