negativity on the open, shorts trapped unless new papercomes in to break yesterdays lows.
ES Journal Archive (2006 - 2008)
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OR 51-52 stops @ 53 @ 50.00
stops hit second set of stops @48
stops hit second set of stops @48
break of 51 would be minor long signal 52 even better.
Question S'07.
I saw the negativity at the open as a downward trend on the larger time-frame which allowed me to take a short in the YM and get a quick 20 pts. You say here "shorts trapped unless new papercomes in to break yesterdays lows".
Why would the shorts have been traped if the trend was down anyway? (and considering Vol's Rule of 10 I'd say the downtrend is just about done.)
Thanx,
JJ
nasdaq compression on 5 minute to upside projections indirect effects to spoos.
double test @ 48 intraday so far
Recap, price currently below OR(open range)51-52.
major stops @ 48 @51
price compression, till one side breaks.
buy orders came in around 1pm yesterday EST USA time.
major stops @ 48 @51
price compression, till one side breaks.
buy orders came in around 1pm yesterday EST USA time.
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