ES Journal Archive (2009 - 2010)

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Quote from Picaso:

YM? :D

Seriously, you see a historic pattern here?


lol. not so much an historic pattern, but a behavioral dynamic that makes sense when you think about it.

True, ES is the 800-lb price discovery gorilla, but ...

-- NQ/NDX represents the high-beta "pure play" core of the ES

-- ES/SPX is a crosswise-with-itself amalgam.

Generally speaking, ES will go where NQ insists ... and, so far today, it's "insisted" DOWN ...

BUT, if ES/SPX acts stubbornly and simply refuses to concede to its high-strung alter ego, its sheer mass wins the day, and NQ/NDX defers to the big boy.

My guess -- just barely my guess -- is that this will be the case today


VWAP dynamics will tell the story, though ...
 
Hi Everyone,

I was wondering if someone has some ideas for determining when the ES will move from narrow range days to wider range (15pts or>)?

many thanks,:D
 
Quote from candles:

half off here at 1245 (+10) - holding other half for the 1300

didn't see this earlier.
Congrats. Great trade.
Hope we see your 1300 within a week or so!

Market not doing much.

Finishing for the day. Limit in to get long at 1236

cheers

edit:
Quote from JSSPMK:

Rising wedge on 4 hour chart...

Protecting profit +10.25

nice :cool:
 
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