This is the week of JUN futures expiration.
Comments based on SEP futures...
Whatever the case may be, the O/N sure looked like a successful DB test of last week's High and I have to guess right now that a test of yesterday's H is in play.
PA
PAUL9
Rep: 14,898
Posts: 1,170
euro now breaking to new highs on the day (could be last Hurrah for tha day).
3 pushes have taken place in the ES.
have to wait for 1-2-3 sell.
5 day average of H versus open comes in today at 1105.00
5 day average of the L versus the Opencomes in today 1085.50
these are just averages.
gap open 91.25 to 86.00, but I have noticed plenty of times that a gap fill can put on the brakes on the first test of a swing H from the previous day. Swing high in the gap would be bar that completed at 3:50pm yesterday, that H was 89.25
historically odds still do favor a gap fill, but PA rules and the market has to display something that suggests price weakness.
3 pushes have taken place in the ES.
have to wait for 1-2-3 sell.
5 day average of H versus open comes in today at 1105.00
5 day average of the L versus the Opencomes in today 1085.50
these are just averages.
gap open 91.25 to 86.00, but I have noticed plenty of times that a gap fill can put on the brakes on the first test of a swing H from the previous day. Swing high in the gap would be bar that completed at 3:50pm yesterday, that H was 89.25
historically odds still do favor a gap fill, but PA rules and the market has to display something that suggests price weakness.
HA
hari
Rep: 470
Posts: 60
Originally posted by PAUL9
euro now breaking to new highs on the day (could be last Hurrah for tha day).
3 pushes have taken place in the ES.
have to wait for 1-2-3 sell.
5 day average of H versus open comes in today at 1105.00
5 day average of the L versus the Opencomes in today 1085.50
these are just averages.
gap open 91.25 to 86.00, but I have noticed plenty of times that a gap fill can put on the brakes on the first test of a swing H from the previous day. Swing high in the gap would be bar that completed at 3:50pm yesterday, that H was 89.25
historically odds still do favor a gap fill, but PA rules and the market has to display something that suggests price weakness.
Great Analysis! thank you.
FE
feng456
Rep: 994
Posts: 340
DAR analysis shows that we've almost reached high of day. Will be looking to short 1106.25.
BR
BruceM
Rep: 216,211
Posts: 19,895
3 Dar is just a guidline...we need to now be thinking where at least 45 - 50 points of weekly range is going to trade . If Monday is the low then we will see 1025 this week and higher. Breakout was 1101,50 print...so if we close below that on Wednesday ( which is the 3 war confirmation day) then we will see 1075 this week.
I was doing indoor surfing as I am on a mini vacation with the family...I tried one failed trade today from my laptop so I won't be doing any more trades till Thursday///Glad I missed the trend day today...we are now only about 5 points above mondays high so lets not get carried away with the trend idea and higher prices just yet.
I was doing indoor surfing as I am on a mini vacation with the family...I tried one failed trade today from my laptop so I won't be doing any more trades till Thursday///Glad I missed the trend day today...we are now only about 5 points above mondays high so lets not get carried away with the trend idea and higher prices just yet.