John's Intraday Market Analysis

nq support 1672.50, ES near bottom trendline and MA. SMH not popping up yet. Looking for pop with low volume.

YM looks weakest. Short the weakest.

ER2 support 729.5.

Maybe 10 O'clock reversal, and trend down for the day to 50% retrace.
 
lowered my stop on ym to 11847, it popped up, stopped me out, and then rolled over. Made up for it with an ER2 short right afterwards.

Bernanke is speaking,,,YAWN....

Where's my 10' o clock reversal,

maybe 10:15,,,

SMH flat to bearish

market still 2:1 bearish, amex a little stronger, that's why ER2 is stronger today.

Time for some food, I'll probably come back and see a sell off. Things are pretty choppy though.
 
Quote from john99:

I'm short and screwed
More...

What are the numbers?

Be careful of expecting price action to repeat (when going counter trend) ie similar to yesterday. People have short term memories :D
 
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