Real Time Price Action- Clue to Puzzle?

[DbPhoenix]

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Did you notice this, erie? Test of previous swing low, fewer new lows, less down volume.

[heretodaygone...]

price action with context....sweet

[erierambler]

[quote=DbPhoenix;31680].
Did you notice this, erie? Test of previous swing low, fewer new lows, less down volume.

Yes, but ........ new lows have increased in the sectors, which gives me pause as to a rise may be suspect. Still won't change my play for the intraday term though. Looking at 1294, 1302,1315,1330 on the ES this morn. ( and lastly 1282 ) take care
erie

[DbPhoenix]

A discussion with zeon on the VSA thread regarding RT decisions prompts me to post the following:

If one is going to make the best RT decisions, he has to prepare for them. The first of the following charts shows the prep done at the end of each trading day since the 29th. The second shows the prep for tomorrow. I don't trade the ES, but it seems to be the popular vehicle, so here it is.

The boxes are drawn arouind those areas where the largest number of trades have taken place. They therefore almost by definition leave out "tails". The pink lines represent potential resistance, the blue lines potential support, the black dotted lines the midpoints (not calculated, just eye-balled).

The significance of all of this for each subsequent day should be clear.

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[heretodaygone...]

Here's my opinion on the es tomorrow. For those that are not confident in their drawing of s/r, mp lines work quite nice.

[DbPhoenix]

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Given where we are with regard to past ranges, it may help to go back a bit further:

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[erierambler]

	Quote:	DbPhoenix
	. Given where we are with regard to past ranges, it may help to go back a bit further:

Thanks for that analysis, it confirms my calculation of 1288 as being important tommorrow. Also 1304.
erie

[DbPhoenix]

	Quote:	erierambler
	Thanks for that analysis, it confirms my calculation of 1288 as being important tommorrow. Also 1304. erie

Tomorrow's going to be a challenge given that there are three relatively distinct "value zones" from today. We'll see where we are at tomorrow's market open.

[erierambler]

	Quote:
	Yes, but ........ new lows have increased in the sectors, which gives me pause as to a rise may be suspect. erie

Now there is a decrease in new lows , except for Indu, trans and a few sectors. Unfortunately I'll be away from the computer this morning and will miss the action.
erie

[zeon]

	Quote:	DbPhoenix
	Tomorrow's going to be a challenge given that there are three relatively distinct "value zones" from today. We'll see where we are at tomorrow's market open.

Apparently at a very high level compared to yesterday's close. That must have caught a few people out.