Actually, that's not quite what I meant. Once the report was issued, price dropped on heavy volume. It then recovered on lighter volume, then resumed its fall until it hit support. At that point, volume was lighter than the first drop, suggesting that selling was exhausted. Price also formed a hammer. Though perhaps that's what you mean by "rhythm".
What a range on the ES!!!
- Thread starter Trend Fader
- Start date
Actually, that's not quite what I meant. Once the report was issued, price dropped on heavy volume. It then recovered on lighter volume, then resumed its fall until it hit support. At that point, volume was lighter than the first drop, suggesting that selling was exhausted. Price also formed a hammer. Though perhaps that's what you mean by "rhythm".
Huh?
Most of the rolling happens next Thursday.
To the person that initiated this thread, the runup was obvious to me. The selloff was totally unexpected, certainly the time span between the runup and the rundown. I could not believe my eyes.
There are forces at play here (at 1150 ish) that are at the foundation of all this trading. It is easy to say that shorts are in control when spoos reach 1165 or so, and that longs are in control when spoos reach 1135 or so, but knowing why is worth $25,000 per contract when either of those break when the elephant sits on the one side or the other of the teeter-totter.
nitro
I wish I was a day trader today. What a nice day of movement. Shake out my long term buy and went higher 
