I see a lot of large lots going off on the ask (ES) while YM is at 10450, but is anyone else looking to short this level?
Trading YM
- Thread starter Rickshaw Man
- Start date
Tomorrow I see weakness in the dow.
Resistance at last wed's early morning low.
http://finance.yahoo.com/q/bc?s=^DJI&t=5d
First downside target on the index is 10425.
Resistance at last wed's early morning low.
http://finance.yahoo.com/q/bc?s=^DJI&t=5d
First downside target on the index is 10425.
I am also looking to the downside tomorrow (maybe that makes you want to change your mind and go long :eek: )
Are you short overnight?
Talk about a trendline. Check out the ES earlier today. We held that resistance turned support the entire day but it didn't hold after RTH.
Are you short overnight?
Talk about a trendline. Check out the ES earlier today. We held that resistance turned support the entire day but it didn't hold after RTH.
And there is 10425.
I am going to buy the top today @ 10590 just to show you this market will not go down, I am not placing a stop and will average down, no problem, this truly is a risk free market. Long 1 contract @ 10590. Market it down. Buy limit 1 @ 10570. Buy limit 1 @ 10560. I know this is not the most sensible tactic, just want to make a point.
If I don't get a fill on my resting orders, I will sell the one @ 10640. I am totally relaxed and have no fear about this trade at all.
I hope it falls so I get my fills down lower tonight. I am confident YM will be close to 10700 by weeks end.