ES Journal - 2012

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nothing is trending yet, not NQ or anything, in the context of the market since the open. We have a 5 point range, and an initial balance which has not been touched yet. Might classify this as a nontrend day, or a neutral day. Very little OTF participation, value pretty well agreed upon (call it 89). At some point though, this wedge will probably go one direction, at which time big players may get involved. But so far, no conviction.
 
Quote from JoshDance:

nothing is trending yet, not NQ or anything, in the context of the market since the open. We have a 5 point range, and an initial balance which has not been touched yet. Might classify this as a nontrend day, or a neutral day. Very little OTF participation, value pretty well agreed upon (call it 89). At some point though, this wedge will probably go one direction, at which time big players may get involved. But so far, no conviction.
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NQ is walking down dude for last 2 hours.
 
Quote from lucky lucille:

NQ is walking down dude for last 2 hours.
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yes, looks like distribution was the tell...

should have known that futures would rule over the cash in a situation like this. next time...
 
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