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ES Friday 1/13/23012


14 OUT OF 20 TRANS STOCKS DOWN JP morgan earning below not good
88 rat 81.25
or 3 PM...lol
so much for clarity
put buyers want 1250 area may be monday, then cover to 1300 for call buyers
if 6e euro brks 1.26 we may see 1269 in es today.
Originally posted by vasuki

put buyers want 1250 area may be monday, then cover to 1300 for call buyers

vasuki, market will be closed on Monday - MLK day
closes at 11.30Am
electronic trading only
Originally posted by BruceM

just curious if knowing the news and the "WHY" of a market move helps anyone trade short term? I can't figure it out myself

revising my buy zone down to 74.50 - 76.50


The news doesn't help me. The "WHY"(for me)does. However, the "WHY" might be different for each trader. And, finding the "WHY" is the part of trading few traders ever figure out.
Technical Analysis is the pursuit of finding patterns of human behavior, specifically buying and selling, thru the use of indicators, S&R levels, chart patterns, etc....but, the question is "Do the patterns cause the behavior or does the behavior form the patterns?"
why do u say this..? As an up and coming options player I want to suck all the information I can from the web...appreciate any help u can give
Originally posted by vasuki

put buyers want 1250 area may be monday, then cover to 1300 for call buyers
yeah ..I see that Rb...was really hoping they would have pushed it back for the 80.50 on that...lots of numbers in that 86 - 88 area....too late for me too ...a real neutral week