Sector ETFs are losing steam (5 in the red now), TICK is dipping below zero and we`re making lower highs.
Short @ 1281. Stop @ 1283.
Short @ 1281. Stop @ 1283.
ES Journal Archive (2011)
- Thread starter Buy1Sell2
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A Dow component or sector is clearly weighing, i.e. being sold off. Nazzie made new highs. SnP was back up at yesterday's high. Dow barely got to yesterday's close.
When that component or sector moves back into a value area and/or the fund(s) is/are done liquidating, the bull party will resume. The flush and vol spike is the canary.
When that component or sector moves back into a value area and/or the fund(s) is/are done liquidating, the bull party will resume. The flush and vol spike is the canary.
Even I can agree with that, and I LOVE the ES! Once in a lifetime, dream market.
But yes, it is boring at the moment. Gaps up, then flatlines most of the day, then usually a little rally again at some point.
I barely watch it anymore. I just make sure im always long the market, and have other buy orders scattered around waiting to get filled. They often don't get filled as we tend to never have any large drops in the ES anymore like the old days, so I end up usually just closing the 1 long when im happy with the profit and placing no more trades. Not much action.
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