225 death watch

[Spectre2007]

50 day sma is at 1505 on cash, or 1515 on futures. Good chance in this climate we test it.

there are a lot of people caught long since this sentiment shift occurred last few minutes of trading.

open orders to sell on the open of RTH will be plentiful. So its in the best interest of the thieves to keep pushing it lower and lower throughout the night, and open it as negative as possible, and use the stops on the open or liquidity to cover their shorts.

 

[trader225]

Quote from Spectre2007:

50 day sma is at 1505 on cash, or 1515 on futures. Good chance in this climate we test it.

there are a lot of people caught long since this sentiment shift occurred last few minutes of trading.

open orders to sell on the open of RTH will be plentiful. So its in the best interest of the thieves to keep pushing it lower and lower throughout the night, and open it as negative as possible, and use the stops on the open or liquidity to cover their shorts.

Only 1505? I could be ruined.
I am hoping for an effort to hold at the 1540 range breakout on the cash. These after hours are murder.

 

[trader225]

Ask at 1549.25!
Back up the truck, it's going up!

 

[trader225]

Ask now at 1549.50.
Trouble is the bid size is only about 1/2 the ask size. Some seller dumps on that and we start over.

 

[trader225]

ema(4) at 1549.15; ema(8) at 1549.55; ema(16) at 1551.29. I can understand why the ask at 1549.50 didn't last. Should have been wise before I was old.

 

[flipflopper]

Quote from trader225:

Ask at 1549.25!
Back up the truck, it's going up!

Just an fyi you are trading maily with bots right now and they will spoof the bid and the ask quite a bit.

PPI gonna be announced in the am. One hint of inflation and we go down another 20 points easy.

 

[Spectre2007]

bernie speaks tomm..

 

[trader225]

Quote from flipflopper:

Just an fyi you are trading maily with bots right now and they will spoof the bid and the ask quite a bit.

PPI gonna be announced in the am. One hint of inflation and we go down another 20 points easy.

Yea, I have seen in the afterhours someone or something walking up/down the price. It seems like people in the after hours get scared if someone/something comes on the ask/bid with any size, whereas during the day there is not so much fear in those situations.

 

[trader225]

I comfort myself thinking that they're only testing support here. But then I should realize that cash support at 1540 has already broken, considering the current premium.

 

[atticus]

Quote from trader225:

I'm long the ES Sept. futures, counting on support
at about 1540.00 on the cash.

I backed up the truck around 1500.00 and am long 36:

1550.50 * 1
1550.25 * 3
1550.00 * 5
1549.75 * 14
1549.50 * 5
1549.25 * 7
1549.00 * 1

Aint saying I won't average down, but it looks like a long nite. If it starts going up, I may sell early. I've got sell orders for 5 at 1555.00, 5 at 1552.50 and 5 at 1557.25. Since buying more than 15, I haven't considered where I'll sell.

The bid/ask is 1549.00/1549.25, looks tempting on the ask, but I'll save some fire power for later.

Futures imply 1544 on cash... begs the question, why not wait?