Red Candles the last 2 days

[Kendall]

still many more wide price spread ones than white ones....This puppy gonna roll over hard.

 

[Kendall]

On 10 minute bars that is in the YM...

 

[ByLoSellHi]

We're going to retest the lows very quickly here.

Extremely little conviction buying, and a lot of longs liquidating and raising cash.

 

[nonlinear5]

I am long from ES 1334.

 

[mgabriel01]

Quote from ByLoSellHi:

We're going to retest the lows very quickly here.

Extremely little conviction buying, and a lot of longs liquidating and raising cash.

I don't see much conviction on either side ---- the volume is not all that high on the 5 minute bar and the TICK is floating around the -200 ... +400 range

 

[mgabriel01]

maybe later today something more definite will present itself...

 

[noddyboy]

Quote from mgabriel01:

I don't see much conviction on either side ---- the volume is not all that high on the 5 minute bar and the TICK is floating around the -200 ... +400 range

Looks like consistent selling with conviction to me.

 

[Kendall]

Rolled over, yesterday low taking out...See ya don't want to be ya.

 

[nonlinear5]

Quote from nonlinear5:

I am long from ES 1334.

Added more ES at 1329.25.

 

[bh_prop]

Out of large caps, into small caps. That is bullish activity, not bearish.

Quote from noddyboy:

Looks like consistent selling with conviction to me.