ES Journal Archive (2009 - 2010)

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May be stating the obvious but SPX finally broke EMA 20 - EMA 50/monthly pivot at 952-960 is a reasonable target for shorts and also still allows "them" to maintain the uptrend. Currently flat but looking to get short at slightly higher levels.
 

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Quote from Lawrence Chan:

Someone buying 250K at 980, whenever you see 2 ticks down ...

Scooping all the offers.

Can it last?
it stopped going down, found support, but are they accumualating or holding it up to distribute ,dvol/uvol ratio 42/3
 
Quote from Lawrence Chan:

Someone buying 250K at 980, whenever you see 2 ticks down ...

Scooping all the offers.

Can it last?

GS + JPM + Citadel + SAC playing defense - maybe?


And that's their coach :

patriley2.jpg
 
Quote from ammo:

it stopped going down, found support, but are they accumualating or holding it up to distribute ,dvol/uvol ratio 42/3

This sell off should have happened last friday.

And indeed this is the first target zone should that happened last friday.

Someone is buying this level EXACTLY the same way like last friday in the afternoon, down to the tick level.

If they can absorb ALL the sellers, which they always did, a squeeze of 15+ pts up to 995 is the target.
 
Quote from Lawrence Chan:

This sell off should have happened last friday.

And indeed this is the first target zone should that happened last friday.

Someone is buying this level EXACTLY the same way like last friday in the afternoon, down to the tick level.

If they can absorb ALL the sellers, which they always did, a squeeze of 15+ pts up to 995 is the target.

Correct. Friday should have been the day. Lot of intraday liquidity providers around at 980.00.

:D
 
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