Midnight rally

[myminitrading]

See YM now up 23, ES up 2.50, NQ up 2.75..... its 2:10am cst.

 

[ASusilovic]

ES : 10 MA at 1518.50, Upper Bollinger Band ( 20,2, Close )at 1533, Lower Bollinger Band at 1491

Market action depends on :
Date Currency Event GMT EDT CONSENSUS PREVIOUS
USD NAR Existing Home Sales (APR) 14:00 10:00 6.10M 6.12M
USD NAR Existing Home Sales (MoM) (APR) 14:00 10:00 -0.3% -8.4%

My expectation :
look for "bargain hunters" pushing the index higher to 1518.50, especially positive follow-through data on existing home sales underpinning economy is on track

 

[myminitrading]

Quote from myminitrading:

Put on your rally cap, all todays losses will be erased overnight. Then we can gap higher rise a little more than start the selling.

I cant wait for the action tonight, YM now at 13490, ES 1512.25, NQ 1882.50.

YM WILL BE UP 40 POINTS BY 5:00AM EST. ES UP 5, NQ UP 8.

Just watch how it floats up up up and away.

And their you have it , just as I said, YM up 39, ES up 5.50, NQ up 7.00.

Presto!

 

[myminitrading]

Quote from myminitrading:

And their you have it , just as I said, YM up 39, ES up 5.50, NQ up 7.00.

Presto!

It should be a crime, its like cheating.

 

[myminitrading]

What a crock!

 

[EqtTrdr]

Quote from myminitrading:

And their you have it , just as I said, YM up 39, ES up 5.50, NQ up 7.00.

Presto!

congrats once again to all the MRC peeps$$$$$


great call once again!!

 

[myminitrading]

Quote from myminitrading:

Put on your rally cap, all todays losses will be erased overnight. Then we can gap higher rise a little more than start the selling.

I cant wait for the action tonight, YM now at 13490, ES 1512.25, NQ 1882.50.

YM WILL BE UP 40 POINTS BY 5:00AM EST. ES UP 5, NQ UP 8.

Just watch how it floats up up up and away.

Just like I said, gap higher rise a little more than start selling. When you follow this for 5 year everyday tick by tick you become a much better trader.

 

[Roman Candle]

So I'm not the only one who has seen this.

 

[Roman Candle]

Should see YM 40 in the green, ES 5-6 in the green. Yep some things never change.

It's time again for the midnight rally gang.

 

[GCSICLRBC]

Quote from BoyPlunger:

I thought we had 100% up room to go cachingo?? No? Your target of sp 2200 won't be reached?

THE BOY PLUNGER! What a good name.



Someone asked about the midnight rallies in ES. Some claim it's arb'ed to the asian markets.

Obviously it's MUCH easier to sway during off peak hours & I'm CERTAIN some play that way. Often the market gives back its predawn excesses...

During the decline I got some of my best fills overnight, typically between 3am and 5am CST on thin volume near the market's edges.

Do you think it'll make it all the way up to 929.50?

After today's sell-off the market's on the defensive, methinks.

GL!