Anything can happen to be sure. Quite a squeeze into the close today. By this time tomorrow we will likely have our answer one way or the other. Good night to you.
ES Journal - 2017/2018
- Thread starter Buy1Sell2
- Start date
- Status
Anything can happen to be sure. Quite a squeeze into the close today. By this time tomorrow we will likely have our answer one way or the other. Good night to you.
Even though anything is possible tomorrow, this after hours is worse than post AMZN earnings (for longs). Plus the hard break lower in March happened the night following FOMC announcement. The bigger problem is that each index is in its own little world and its been that way for quite awhile. No real consensus.
If I had to make a guess (just for the fun of it), I could envision the spike high on FOMC announcement right back around 2670 area (since it always has to clear protective stops from shorts) before it can make another swing lower.
If I had to make a guess (just for the fun of it), I could envision the spike high on FOMC announcement right back around 2670 area (since it always has to clear protective stops from shorts) before it can make another swing lower.
Pick one, trade one, forget the rest.
Honestly man, not looking for advice.
No problem. It was the second time you brought it up, so it sounds like a cry for help. My bad - just ignore me.
Looking top heavy pre-mkt
Very Valid... Nice observation.. There was always a pretty strong correlation between the Indicies... Now they have taken on their own identities & march to the beat of their own drums independently.
Anticipating a spike North, perhaps even to the 2700 region.. being met with resting sell orders followed by the True move South... either way, the spring is Coiling Up here & is going to release some energy with a significant move to the tune of 350 Handles... This break may very well dictate the trend for the remainder of the year...
-Good Trading Fellas
I'm short (posted last night). With today being an FOMC day, I must allow for the possibility of a squeeze up to 2665, possibly as high as 2678. But as of right now, that afterhours/pre-mkt double top at th3 58's looks like the resumption of a down swing. My target is 2610 for today.
I'm uncomfortable being short because of yesterdays rally. The tape was super crowded all day yesterday and the size and scale of those buy orders were reminiscent of a big bank buying in. Often this type of buying leads to higher prices, at least in the short term, so I'll sit out until I can figure out where this is going and why.
- Status