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ER2 has topped?
- Thread starter polpolik
- Start date
ER2 & EMD are indeed peculiar markets. But they DO trend beautifully and when you are able to catch a turn ---it's good for some beer money.
Was expecting some end of qtr weakness. ---didn't happen. Next week could be pivotal.
High for the day so far 770.80. B/E stop loss from yesterday 770.90. So close, it's almost painful.
Ahhh. Fun and games. I'm so glad my daily pnl doesn't rely on ER2, otherwise i would be up the creek without the proverbial paddle.
Was expecting some end of qtr weakness. ---didn't happen. Next week could be pivotal.
High for the day so far 770.80. B/E stop loss from yesterday 770.90. So close, it's almost painful.
Ahhh. Fun and games. I'm so glad my daily pnl doesn't rely on ER2, otherwise i would be up the creek without the proverbial paddle.
Quote from dealer:
ER2 & EMD are indeed peculiar markets. But they DO trend beautifully and when you are able to catch a turn ---it's good for some beer money.
Was expecting some end of qtr weakness. ---didn't happen. Next week could be pivotal.
High for the day so far 770.80. B/E stop loss from yesterday 770.90. So close, it's almost painful.
Ahhh. Fun and games. I'm so glad my daily pnl doesn't rely on ER2, otherwise i would be up the creek without the proverbial paddle.
even though high was 770.90, er2 settled at 771.80 because of monthend and ES at 1303.30
I would give a few days next week for the bullish enthusiasm to die off before trying anything on the short side.
btw, what is EMD?
Quote from EqtTrdr:
I just dont get the intra day er2 volume pattern...
When volume comes in we go down... volume drops out and we creep back up on less than 1/2 the volume of the down move...yet it rallies to new highs on less vol WTF??
every day after day
yep... that's called buying it cheap and then marking it up when the seller is gone.
and also window dressing for a nice quarter.
Quote from lynx2004:
Is this the beginning of er2 underperformance vs. es? It will be choppy as this starts to take hold. A new quarter, a new trend?
Actually, Russell 2000 has been outperforming SP500 for the last 7 years... if this is the turn, it will be good for a number of years, imo
so VST, why do you even post on this discusson "ER2 has topped?" if you don't care whether it's topped or bottoming? I'm not trying to be a jackass so I apologize if it seems like it.
I started this thread to talk about the different trades one can do for ER2 - short term, mid term or long term tops; what characteristics are showing up that one sees to assume a top is forming.
I started this thread to talk about the different trades one can do for ER2 - short term, mid term or long term tops; what characteristics are showing up that one sees to assume a top is forming.