ES Journal Archive (2011)

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Quote from marceck:

NQ did not make a lower low from the ETH session, while TF and ES did. That should put to rest any doubt that NQ is the leader, both up or down. I am pretty sure I introduced that trading concept a few months ago here, and it has rarely failed.
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Yeah, but the tough part is when they diverge, which seems to happen now and again.

Is that a time to stay flat? :)

Still crossing my fingers for another leg down, but I`m far from optimistic. Lol. Just as I wrote that we "crashed" :)

Let`s see if we finally can get my limit @ 82.
 
Given the volatility, I would stay flat during the announcement. The huge move in bonds is something to pay attention to and all bets are off at 14:15. Regular patterns from the morning (divergences, etc..) will not be relevant as billions of dollars get adjusted in the markets. I doubt this will be a non-event like the last one.
 
In the end, could this be the day that kicks off a VIX drop back below 30? That would easily have ES hit the 1250 area. We will soon find out.
 
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