End of day review 3-22-11 Tuesday

Not really much to talk about any ways the day was as boring as it gets and i was very busy with work today so no trades for me. Till tomorrow...

Pre market analysis 3-22-11 Tuesday

News: No notable news out today

Daily chart notes: The market has recently been putting in a bounce the past few sessions and volume has been noticeably weaker. We have started a down trend and i need to monitor this bounce to see how it unfolds. We are approaching the 61% retrace of the move down at 1300s area so i will watch for sellers to be active again there.

30 Min chart notes: We have recently been in a down trend on the 30 min and now have started trending higher. Sellers could take over at any time so i will watch for them at support areas.

MP Notes: Yesterday appeared to be a short covering type of day and globex has balanced over night. We are at the top of the recent balance area and last week's highs and can expect responsive sellers to be active around here.

Trade plan: ES has been trading back and forth on the daily time frame not really giving any clues as to which direction it wants to go in. I can see a recent balance are forming around 1298 to 1242 area. If this is the case i can see ES trade back down to retest the lows of the balance area and we can see responsive sellers active up here. Over the past few days ES has been moving in an uptrend so looking for support to hold.

Didn't have time to finish Pre market analysis today...