I notice you've added that smartphone graphic to try to illustrate your point. I notice you seem to have left out support lines around 7850? How convenient.
ES Journal - 2019/2020
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I notice you've added that smartphone graphic to try to illustrate your point. I notice you seem to have left out support lines around 7850? How convenient.
Im in an airport, I dont even trade NQ anymore. I just opened the chart to see what the buzz was all about. There was a clear significant level that we touched and dumped from. Anyone that can read charts could have had their own limit orders front running the level.
If you kept a spreadsheet of several years of 30 minute NQ high/low you might think differently. And 45 points on the NQ is small potatoes i the grand scheme. Even when it was trading at less than half its current level a 40 to 80 move in 30 minutes happened often enough not to be rare.
It's not about the grand scheme of things. It is the time of day. That is the point. It was not a technical move. Just like it was not a technical upmove the moment the WH mentioned a confirmation of the Lighthizer trip this coming Monday.
As an aside, the equity futures on the CME close at 5 PM ET.
What i ment was after the US session close.
Such moves rarely happen after 4PM and the start of the overnight session, unless there is a fundamental reason for it, at least that is my experience.
Yes.
Anything after 4:30 PM and perhaps even 4 PM would be considered after hours. --This is when 2 guys in mommy's basement bedroom in their underwear can move the market.
No. The CME open is 6PM ET for the next calendar trading date. The trading continues until 4:15PM ET that calendar day until we get the trading halt for 15 minutes. Then that calendar trading day continues until 5PM ET. Then the market closes for that calendar day. At 6PM ET, we're on the next calendar trading day. 4:45 AM ET trade opened this morning, that closes at 4:45PM ET today, is a trade booked as a trade for calendar day Tuesday, July 23rd. If you open a trade RIGHT NOW, at 9:45PM ET, on Tuesday July 23rd, it will be booked as a trade initiated on calendar day Wednesday, July 24th.
In the CME futures the majority of us trade, there really is no "after hours". We use those terms only to compare to the main equity Wall street hours, and the terms are intertwined. To most peoples' detriment I think.
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