S/R Emini Journal

[4re]

Here is another look at it.

 

[romik]

Quote from 4re:

Here is another look at it.

agree with you, but one has to watch out for bullish divergence on hourly, it's not complete yet, could be a rapid squeeze to 1328 IMHO.

 

[john99]

out for the scalp to 11570, based on time rule.

 

[4re]

Quote from romik:

agree with you, but one has to watch out for bullish divergence on hourly, it's not complete yet, could be a rapid squeeze to 1328 IMHO.

I will keep an eye out for it. Thanks.

 

[john99]

Here we go with ER2 again,, Non-responding to moves in the other indices.

 

[4re]

Quote from john99:

Here we go with ER2 again,, Non-responding to moves in the other indices.

Earlier I saw a new thread here on ET about that as well.

 

[5Pillars]

Quote from john99:

Here we go with ER2 again,, Non-responding to moves in the other indices.

Looks like some big commercial player is unwinding big LONG positions.

 

[BoyBrutus]

Quote from 5Pillars:

Looks like some big commercial player is unwinding big LONG positions.

Buy ER and sell ES.

 

[5Pillars]

Quote from BoyBrutus:

Buy ER and sell ES.

They are "selling" the ER2 to unwind their previously held LONG positions.


BTW, for the ES traders.....1322.00 is a market profile level......until we see heavy initiated selling through this level it will hold.

NQ and YM made lower lows but the ES was held so far......these situations can build up tension over time.....keep your tinfoil hats on!!!

 

[john99]

Volume seems to be slowing. I'm guessing we will get another trendline touch to the top side, then sideways, I'm having a hrad time considering going short at this point