Good Morning Traders !
VAH 930.50
POC 925.50
VAL 922.00
Weekly R1: 954.50
Weekly PP: 904.00
Daily R2: 944.00
Daily R1: 935.75
Daily PP: 926.00
Highest High in last 20 trading days: 934.25
I will be watching what happens at R1 with great interest this morning ! Also watch the IB high for indications of a trend day if price is accepted above R1.
ES Daily Notes 5 Jan 2009
PT
pt_emini
Rep: 5,707
Posts: 1,940
As price moved below 930.50 (VAH), there has been a steady flow of blocks above 200 lots flowing into the bid, which is a bearish pattern.
MA
Margie
Rep: 94
Posts: 364
VO, I am wondering what you use to determine if you let your self be stopped at or to continue to sell at a higher place to in increase your average?
BR
BruceM
Rep: 216,211
Posts: 19,895
That concept messes me up......buying blocks yet it's bearish..yikes...
quote:
Originally posted by pt_emini
As price moved below 930.50 (VAH), there has been a steady flow of blocks above 200 lots flowing into the bid, which is a bearish pattern.
BR
BruceM
Rep: 216,211
Posts: 19,895
look how they took the ledge.....so cool...and it matches up with other unrelated stuff like PDQ's keltner...I shouldn't say unrelated...it's all related
MA
Maria
Rep: 0
Posts: 88
quote:
Originally posted by BruceM
That concept messes me up......buying blocks yet it's bearish..yikes...quote:
Originally posted by pt_emini
As price moved below 930.50 (VAH), there has been a steady flow of blocks above 200 lots flowing into the bid, which is a bearish pattern.
I think he meant 200+ size blocks hitting the bid.