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Old 08-29-2007, 01:06 PM
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Potential Afternoon ES Action - 8/29/07

Here's my take for the afternoon action in the ES... The ES gapped up this morning and never challenged yesterday's low (or yesterday's spike low). The ES has traded from yesterday's POC to yesterday's VAL on low volume. So I think the market will trade up this afternoon and we should see 1462 (yesterday's VAH and HOD). Unless something changes, such as higher volume on a down move, I will look to get long around 1447. I'm just bored so I figured I'll put my analysis on the line here. We'll see what happens...
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