If this ball starts to roll downhill, aint nobody getting in front of it. And no telling where it ends up 
ES Journal - 2017/2018
- Thread starter Buy1Sell2
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We could end up at 2850 or worse. Burn off a whole week or so of gains. If we get downhill momentum.
A bit early to start eulogizing the market when all we've done is touch up with the gap to new highs:
With the floor at 2800 firmly in place and the 2850 floor nearing completion, I am not worried about whether or not to "get in front of it" .If this ball starts to roll downhill, aint nobody getting in front of it. And no telling where it ends up
This looks a heck of a lot like institutional buying here (and would correspond to hitting the buy stop limits around 2773). If so, that should mean some late day buying (after 2:10), a green close, and one heck of an opportunity to BTFD. Watch for the early fake followed by the volume spike.
Edit: To disect today's SPY, you can see the big red volume bars which are actually bullish (marketable orders sold into the resting institutional floor orders). It reverses because it just bounced off a floor, and shows continued strength into lunch (on very high volume). Just a little anemic into the open is all.
Edit: To disect today's SPY, you can see the big red volume bars which are actually bullish (marketable orders sold into the resting institutional floor orders). It reverses because it just bounced off a floor, and shows continued strength into lunch (on very high volume). Just a little anemic into the open is all.
Oh, horshit. Too easy to outsmart yourself.
Let's see this plays or we close low or below. And another day lower.
Let's see this plays or we close low or below. And another day lower.
Can't wait for all the buying starting in 20 mins? is this 2:10 EST?
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