RE: Micros
CME Email dated June 10
CME Email dated June 10
ES Journal - 2019/2020
- Thread starter Buy1Sell2
- Start date
- Status
I think people complaining about recent price action have been spoiled.
Friday offered: - 9.50, + 8.75, - 8.50, + 8.50, - 6.25, + 13.00, - 7.75. For a total of 62.25 points on a daily range of 15.50!
While 'choppy' and even 'noisy', still fairly nice swings for a day trader I'll say.
In the past, there have been periods where the average 20 day range is at 10 points with multiple days where the daily range is < 10.0 points and with only one move (basically high-low or low-high) for the entire day. That's when you should start complaining, IMO.
Good luck trying to trade this (November 2017):
Friday offered: - 9.50, + 8.75, - 8.50, + 8.50, - 6.25, + 13.00, - 7.75. For a total of 62.25 points on a daily range of 15.50!
While 'choppy' and even 'noisy', still fairly nice swings for a day trader I'll say.
In the past, there have been periods where the average 20 day range is at 10 points with multiple days where the daily range is < 10.0 points and with only one move (basically high-low or low-high) for the entire day. That's when you should start complaining, IMO.
Good luck trying to trade this (November 2017):
I shorted the afternoon rally way too early. My momentum indicators said it was a weak rally....and they were right. I finally had a good short trade, but alas (as usual) I got out too early. Should have been a big winner.
6/11:
6/12:
6/13:
6/14:
6/12:
6/13:
6/14:
Last edited:
Will tonight be soon enough?
https://www.bloomberg.com/news/arti...rates-peak-as-investors-eye-cuts-economy-week
Global interest rates have peaked.
That’s the conclusion investors are reaching as the Federal Reserve and its counterparts in Japan and the euro area convene for pivotal meetings this week amid signs the world economy is ushering in a new period of easier monetary policy.
“We all worry about slow growth,” Tony Crescenzi, market strategist at Pacific Investment Management Co., told Bloomberg Television on Friday. “We would project that interest rates for central banks will stay low for at least the next five years.”
What Pimco has long dubbed the “new normal” is reflected in calculations by JPMorgan Chase & Co. economists. Their measure of the average global interest rate reached a high of 2.82% in early February.
Having once expected it to end the year at 3%, they now see it falling to 2.5% in December, led by cuts from the Fed. Russia, India, Chile and Australia are among those to have already loosened policy.
Last edited:
It's because we are at the top.---that being said, volume has nearly nothing to do with analysis of price movements.
- Status