ES Journal Archive (2011)

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Quote from Lawrence Chan:

Staying up late tonight for no good reason.

Anyway, can you do volume profile that filter out anything less than 5 lots per trade?

That way you can see the stronger resistance is at 1338 and the 1314 one is built from the 1s, 3s, etc.

The uncertainty is whether those who stepped on the gas at 1330s will again block ES from going higher at the 14 zone.
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Could you provide a screenshot of what you're looking at there? I filter for trade size as well, and I'm drawing the opposite conclusion -- serious dumping at eod on 6/1, very weak buy pressure on 6/2 with more dumping at the close (albeit not as much as on 6/1, but still there), and then MORE dumping at Friday's close. Thanks ...
 
If there are monster stops below 1290, it'll likely go to 1240 relatively quickly. No good odds to initiate a trade at the moment, long or short. It is nearly impossible not to see 1289 and lower this week, probably today.
 
Quote from tortoise:

Could you provide a screenshot of what you're looking at there? I filter for trade size as well, and I'm drawing the opposite conclusion -- serious dumping at eod on 6/1, very weak buy pressure on 6/2 with more dumping at the close (albeit not as much as on 6/1, but still there), and then MORE dumping at Friday's close. Thanks ...
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Who bought all those contracts, shares, and assume the long side risk within such a tight range from below 1300?

They are not necessary long term holder but they can definitely fry the short term day traders taking the other side.

They may not be be able to do that within a day, but they already got some extra help from exchange with lower margins, isn't it? =)
 
Quote from Lawrence Chan:

Who bought all those contracts, shares, and assume the long side risk within such a tight range from below 1300?

They are not necessary long term holder but they can definitely fry the short term day traders taking the other side.

They may not be be able to do that within a day, but they already got some extra help from exchange with lower margins, isn't it? =)
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It's a very fair question ... and, at the moment, the scenario you envisioned may well be panning out ...

Having said that, there is no question (insofar as I can see), that there was significant size hitting the bid in the 1314 area at the close on the 1st and, to a lesser (but still marked) extent, the close on the 2nd.

Yes, someone was on the other side of those trades. Then again, someone always is .... so I'm not sure I'm following ...

[EDIT: I just refiltered ... I think I might see what you're talking about ... thanks for the heads-up]
 
Quote from julian0625:

Long 1296.75

Stop 1294.25

Target Highs

I would be surprised if they sell it off further today.
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Wow I was not expecting a test of lows at all. Buying new lows, nq stronger.

The divergence between the ES and the NQ is astounding right now.
 
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