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ES Tuesday 11-8-16


Don't really like any long side commitment today but we are opening under YD close it seems and most of the overnight inventory is short....no midpoint YD so today might be the day to go for that...The only thing I see would be a small long off the POC at 23 or the va low and begining of low time at 18.50.....some might be working off current overnight low at 21 but I'd prefer to see the 18- 19 instead.

here are other thoughts and rambles on weak context etc...I would have rather seen a gap higher open today to sell into but that isn't happening


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I'm taking ownership here for adline comments that did NOT come true yesterday....
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Bruce when you have a moment can you please guide me in the right direction...I,m looking at how to place tick indicator on my charts but cant find it,,I use Interactive Broker Charts btw.. and also have ninja trader program and cant find it there either for some reason,,,, maybe called something else with them??? Brent.T
"tick-nyse" is symbol in IB ...can't help with ninja ...sorry
Originally posted by brent.t

Bruce when you have a moment can you please guide me in the right direction...I,m looking at how to place tick indicator on my charts but cant find it,,I use Interactive Broker Charts btw.. and also have ninja trader program and cant find it there either for some reason,,,, maybe called something else with them??? Brent.T
how today is unfolding so far against yd's key lines
Click image for original size
unfolding
thanks Bruce
astute trader would have seen the $tick divergence as ES poked back into that 18- 19.50 zone again the second time....this only tells you that POSSIBLY there may still be some buyers here.........in no mood to trade much today and pivot was hit and only thing left is that O/N midpoint for me which is one of our LOWEST probabilities compared with the others we use.......so trying for that but only on runners now

for the most part you want to take off core as heavy as possible so you don't mind AS MUCH if runners work any magic or just fail you and never go for further targets...so my basic rule is to come out fast and heavy when possible to limit amount of time and money you have at risk in the market ....this way you limit any sudden price move risk as much as possible too
adline is trying to wedge up and DID hit a minus 500 today...$ tick making new highs...hopefully enough to get us to ES 2126 and wrap up this day,
25.50 print is close enough for me...not hanging around for that extra 2 tics.....have a great day......
it's cheating to just blow through a previous days high with these divergences in the market....sells at the 35 - 37 zone should see the high market fall back down today to get 30.25 retested.....Putting my wife in charged now and getting outside ...if short above 35 then use 33 as a first target...at least that is what I have told her/...ok..c ya tomorrow
sold new calls 119 strike same expiry...gap in data is at 32.75......Mrs M took two losers but at least she staid 3 - 5 points above gap in data before entry......I put new calls on above the 42 area near 10-27 highs and in front of R2.....$ticks hitting minus 800 now if this doesn't spark some selling interest then all calls will take more heat....not daytrading this
Thanks Big Mike