ES Journal Archive (2009 - 2010)

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So far, "bulls" - not to say HFT sclapers - have successfully defended 983.00 with huge efforts.

Remains to be seen whether upload / download trades will find the next "greater fool".

:)

Expectation : HFT through 990.00 lets say 23k lots ?
 
Quote from Lawrence Chan:

10 pt drop defended, again?

Or start of something big to the down side ...

I am not sure at this moment.

Confusing market, or a confused market =)

Now the defenders got their +10 ... whether they take it and call it a week (month) is the next question.
 
Quote from ASusilovic:

So far, "bulls" - not to say HFT sclapers - have successfully defended 983.00 with huge efforts.

Remains to be seen whether upload / download trades will find the next "greater fool".

:)

Expectation : HFT through 990.00 lets say 23k lots ?

Three 10k shots not sufficient to move through 990.50.
 
VIX up today and it is Friday.
The VIX going up on a Friday is unusual since the market makers price in the weekend decay by the close, and it is even more unusual on a flat day following 6 days of range bound trading. There is plenty of worry for the bulls to climb if they wish to continue the non stop upward momentum. Either the bulls are right and the VIX needs to go below 20, or the bears will finally get some sort of pullback and it will move toward 30 if the selloff is fast enough. It is interesting because the current 25 level would seem to be incorrect either way, it is just hanging out in the middle waiting.
 
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