ES Journal - 2014

Liquidity is all i can think of, that 12.50 a tick is horrible.

The tic value of 12.50 isn't a problem by itself. But when you consider 60% of the ES tic is designed as "arbitrage" versus the SP tic, it's pause for thought. Also, SP is the market master... all US exchanges are controlled as to exchange availability based on price bands and circuit breakers of SP. That exaltation begets liquidity from the regulated crowd at minimum.
 
As of 10:20am est, we see a divergent push up (weak uptrend with little follow through). This often spells out lower lows.

Happy trading all !

Hope somebody capitalized off that, b/c I sure didn't. I don't trade lunchtime action anymore. 1130-130est is off limits.
 
Well we are clearly hanging out in Friday's range now, so I have to play this for a move to Friday's low.

Edit: Looking for 65's for starters, as long as we stay below 71's.
 
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