Es Algo Late Day
- Thread starter pwrtrdr
- Start date
No, I was referring to the recovery from 66 to 73. The selloff to cover the nyse-session gap fill was textbook, and the recovery certainly could be expected considering the significance of tomorrow's report.
Why are you arguing?
There's no pattern. Markets do this.
This thing has been in the biggest uptrend it's almost ever seen.
There's no pattern. Markets do this.
This thing has been in the biggest uptrend it's almost ever seen.
Well technically there's a different pattern for it. You need to follow time and not price. It's where TA lacks.
ES had a typical SHORT covering rally after the 1166.25's was hit, as the last significant held LONG inventory in the ES went neutral (LONG inventory has been dumping for two days now.....and SHORT inventory growing substantially). Right as the ES neutralized the last resting held LONG inventory the Equities sell programs stopped....Equites then shifted to BUY program activity into the close. The markets have to react to certain "supply & demand" based events.....when the market is vacant of those holding LONG inventory of significant levels, who is left to push into LONG covering sell-offs in the ES?
http://www.charthub.com/images/2010/04/01/FulcrumTrader_CD_ESM10
Major inventory grab events in the overall supply and demand picture set up for some excellent trades....I myself covered ES 1176.50 entry SHORT positions on the day into the LONG inventory going neutral in the 1166's (was pretty sure we would get a decent bounce after that).
http://www.charthub.com/images/2010/04/01/FulcrumTrader_CD_ESM10
Major inventory grab events in the overall supply and demand picture set up for some excellent trades....I myself covered ES 1176.50 entry SHORT positions on the day into the LONG inventory going neutral in the 1166's (was pretty sure we would get a decent bounce after that).
Not arguing, sorry comes across that way when writing
I am just curious about the last half hour of trading 3:30 to 4:15.
It never seems to make sense, then it trends into close after a big sell off nice and uniform and I just watch !
As far as the guy speaking about "inventory" and such, all BS. Where was he when the ES cracked from 74 to 66, biggest move of day! He was compiling "charts" I think....
Thanks