ES Journal - 2016

50 day MA will generate liquidity for shorts to cover at. If your a large fund, and you have a hard time getting in and out of the market, than wait for the 50 day MA test. Positional algos will use it to go in and out. Going below will lead to a spike in sell side liquidity and easier for a fund to get a better price at.
 
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Been buying lows 80's selling 90's... It's been working till it doesn't work.

1968 has to hold otherwise price structure becomes unstable.
 
Spectre2007 said:
True carnage in all the correlated trades:

Gbp/jpy
Usd/jpy
/cl
HYG
More...

Today should totally illustrate how much control is exercised in equity pricing. Based on correlated trades. /ES would be down 40 points. If they want to run it up and break the highs they can. Most everything you see on surface makes you think price efficiency is true. But it isn't. The pricing is all artificial, based on the largest pocket in the game.

If some Indian kid in the basement of his mothers house could create price disturbances using algos what do you think is possible. They went after him hard .. Lol..

On April 21, 2015, nearly five years after the incident, the U.S. Department of Justice laid "22 criminal counts, including fraud and market manipulation" [9]against Navinder Singh Sarao, a trader. Among the charges included was the use of spoofing algorithms; just prior to the Flash Crash, he placed thousands of E-mini S&P 500 stock index futures contracts which he planned on canceling later.[9] These orders amounting to about "$200 million worth of bets that the market would fall" were "replaced or modified 19,000 times" before they were canceled.[9]Spoofing, layering and front-running are now banned.[2]
 
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Sort of as I suspected, this price action is very similar to Nov 3-6...if it was a turn date yesterday, it's masking distribution via what Spectre is discussing...the algo's just spike it higher then it slow drifts lower...
 
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