If this low holds, or breaks down and then quickly breaks back above, new highs for the move will be imminent.
Long at 1529, looking for upper 70's, in weather and on the ES!
ES Journal Archive (2006 - 2008)
- Thread starter Buy1Sell2
- Start date
- Status
If this low holds, or breaks down and then quickly breaks back above, new highs for the move will be imminent.
Long at 1529, looking for upper 70's, in weather and on the ES!
there is some covert bigboy covering/accumulation down here.
the same bigboys who sold size to bring us down here..are covering..incrementally...not to spike the price up... too much.
remember...price shouldn't find it this difficult to meet the sentiment objectives.
this whole down move is engineered to trap some shorts here.
covered everything at 28.50
the same bigboys who sold size to bring us down here..are covering..incrementally...not to spike the price up... too much.
remember...price shouldn't find it this difficult to meet the sentiment objectives.
this whole down move is engineered to trap some shorts here.
covered everything at 28.50
It was the low of 9/20 in AH, and hasn't been touched again until the past few minutes.
1528.50 is looking strong enough at the moment that I closed my short at 1529.00 and am on the sidelines until I get a sense of which way the market wants to go from here.
Long is starting look promising here. A reversal bar has appeared on the 5-min chart, but not yet on the 15-min chart.
....its not all smoke n mirrors.
=p... hope springs eternal.
"Engineer" is a good word here in this context. Yes, the goal it would seem is to trap shorts, and/or to encourage weak longs to bail, just in time for Tuesday's reports. A strong down move here would go against the general accumulation/distribution waves of the market.
- Status