ES trading pattern is simply INSANE. Stupid fights of algos hammering 89k contracts in the last 5 minutes in order to get a "desired" closing price is out of this world.
Going out on lod - been a long time since that happened (at least on a day that was actually down)!!!
Now if we open in the hold tomorrow morning I would expect perhaps this pullback could be done for a rally into qtr end - though I am still not certain that could happen. Just think its plausible. Euro/yen still weaker today which may be the bigger sign here.
ES trading pattern is simply INSANE. Stupid fights of algos hammering 89k contracts in the last 5 minutes in order to get a "desired" closing price is out of this world.
Totally agree - it's getting completely silly - everytime we break and hit a new low of day we get all kinds of buying coming in to take us right back. Makes no damn sense.