I do as well. Any type of attempt to bounce is met with selling. That spike off the fed meeting mins was some heavy volume but now it has just died again. Maybe it will keep it from selling much past here but I am not holding my breath.
ES Journal - 2012
- Thread starter Buy1Sell2
- Start date
- Status
I do as well. Any type of attempt to bounce is met with selling. That spike off the fed meeting mins was some heavy volume but now it has just died again. Maybe it will keep it from selling much past here but I am not holding my breath.
Inverse head and shoulders potential here if this push up get legs and we can clear 28 fast.
If that does not materialize, I`m afraid we`re postponing the inevitable slide here at the lows.
20 should be support though.
Why?
R20, globex low, overnight low and beyond daily average RTH range.
If not, there`s an open gap at 16,75.
Another one at 05 or so for another day.
Why?
R20, globex low, overnight low and beyond daily average RTH range.
If not, there`s an open gap at 16,75.
Another one at 05 or so for another day.
It is tough to read. Lots of uncertainty and options exp week make for a wild ride.
add 24.25, avg long 28.5
S1 @ 21.50, Globex Low @ 20.75.
Bidding 21.
Bidding 21.
the flush looks highly probable at CME close, probably a good buy at 21. i am holding overnight. looks like i won't be sleeping tonight. 
Quote from mastacoli71:
looks like i won't be sleeping tonight.
After such a big down day I won't be surprised if it pops back up in the Globex like it did last night.
I'm staying flat until tomorrow.
- Status