IT probably the bears are coverning or some information must have leaked out
Another 50 BP cut
Another 50 BP cut
Any news? Market just spiked up a lot.
- Thread starter ganesh6
- Start date
A manufactured rally in which to sell?
That would be consistent with classic market theory--accumulation, marking it up, distribution, marking it down.
That would be consistent with classic market theory--accumulation, marking it up, distribution, marking it down.
Is it possible to post a screenshot? I am using IB and isnt getting accurate t&s data? If not possible, at least describe how many times and contracts traded on the offer ? Thanks
That does not explain it really, just shows the volume that came in to move it higher. Still begs the question why at 12:00 PM would size come in to move it like that except to simply drag some sheep and then kill it down after lunch.
Here is my bold statement... fade this rally as we find 1338 again on ES before the close.
This was the catalyst, how often do you see someone sweep the book with a decently large buy mkt order then bid the plus with 2k+ ES lots and doesnt walk (especially in a quiet market prior)? I dont know why he came in at this time, only that this event started the rally. Maybe he bought more after that? Or maybe others jumped in and carried the mkt higher. who knows, all I can say is this started the rally, plain and simple.
My job is not to ask why but to see whats happening, understand the circumstances and make profitable trades. As you know OC, its about spotting clues and making good trades.
My job is not to ask why but to see whats happening, understand the circumstances and make profitable trades. As you know OC, its about spotting clues and making good trades.
I dumped my long once I saw Dennis Kneale and Bob Pisani. F the FOMC pump.