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ES Journal - 2013
- Thread starter Trvlwanderer
- Start date
L 1461.00
S 1462.25
L 1461.75
Mostly, I look at order flow around important intra-day levels in ES. I am far from an expert as far as longer duration swing trading (months holding period) is concerned.
But this order flow seems like big players are engaging in distribution.
However, low vix and contracted ranges don't suggest that we will enter a down-leg in the market (on a swing basis).
So, not sure if I should read anything into order flow from longer term market direction point of view. Just making some observations.
I have 500 point drop coming call from wave in mind. Not sure if he still holds that call or if he has changed his view.
But this order flow seems like big players are engaging in distribution.
However, low vix and contracted ranges don't suggest that we will enter a down-leg in the market (on a swing basis).
So, not sure if I should read anything into order flow from longer term market direction point of view. Just making some observations.
I have 500 point drop coming call from wave in mind. Not sure if he still holds that call or if he has changed his view.
trans hit the 5541 nip back up to 65 nip, down to 56 ledge,below supp line again, es lost its rotation hanging in here at 61,waves 500 move wont come until distribution at higher prices has sufficiently loaded a worthy position to claim the prize on the drop,in the meantime ben has to keep it up here to make the US markets look strong so he can sell bonds(borrow foriegn aid)