BoyBrutus, can't deny your logic. tricky right here because the market has accomodated a lot of sellers, especially over the past 2 days.
If this market (today) is going to move higher, IMO vix would probably have to move to new lows for day (meaning prints under 16.74)
DOM at 1508.50 was...
OK, just wondering,
but then I re-read your post and saw that you were referencing histogram, I am looking at MACD.
Now, with prints above the recent swing high at 11:18 of 1507.25, A selling tail would be short-term bearish. 2mincharts
JSSMPK, so you consider this to be a negative for the ES market?
edit: The reason I ask is because I do not see a 3rd divergence in the shorter-term 2 minute charts
I was looking at the price and volume action from 12:15 to 12:45 and wondering if osorico would have labeled that a bear flag. I like to see lower volume in a flag formation, but when it comes to lunch-time on the east coast, it is difficult to put much faith in interpretting low volume as a...
The "silence" on the page today is deafening.
Does anybody think that maybe prices have to retest yesterday's low of 1540.50.
Right now, it looks like an inverted head and shoulders is in place on the 2min chart. If the recent low is not undercut (if there is no test of the RTH low from...
Apex82,
earlier in the session you said you were looking to short ES
"...looking to get short 1546.25 with a 3 tick stop on a bounce to retest the lows and move lower..."
Is that still the case or have other conditions unfolded, I ask because your comment about the YM are bullish
Little drop in prices could have been in reaction to the 1:00pm Housing Market Index (Home builder sentiment survey), it was the lowest reading since 1991.
reported at 28 versus exp for 29 previous month 30.
No one expects fed to ease, so the only thing (I think) the markets wnat to see is...
Food for bearish fodder?
Gap created with the gap down open on 6/5 was still open from 1552.25 to either the low of last hourly bar on 6/4 of 1554.50, or the close of 6/4 which was 1555.25.
RTH ESU07 chart.
ES has ventured into the gap created on 6/5 (60minute RTH chart).
I'm not sure...