JI
jimkane
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And by the time I hit post they did break it to the downside. Now that they got some stops, will they snap it back up? Again, who cares.
JI
jimkane
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Posts: 33,089
The ES is giving just a hint that a short-term top may be in there (watch the ABCD in here for clues). It fell just a tiny bit short of the area posted last week. I can't see it, I still think they'll want to run this up all week, but perhaps they check it back a little off here. Hard to get a good read on this, given the low volume. At one point today I saw the ES do a whole 25 contracts for a 1-min bar. 25! I get nervous trading when the 1-min goes below 1,000.
SI
sirios
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I can't understand why they don't send it up through our area if the market is so illiquid and it could be so easy for them.
I think they probably will do new high on GLOBEX and tomorrow they may start trend down. But we will see. I don't care, but I'm waiting
I think they probably will do new high on GLOBEX and tomorrow they may start trend down. But we will see. I don't care, but I'm waiting
Originally posted by jimkane
At one point today I saw the ES do a whole 25 contracts for a 1-min bar. 25! I get nervous trading when the 1-min goes below 1,000.
JI
jimkane
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Yes, it does seem very, very strange to me that given how illiquid it is they don't just blast it way up. It makes little sense to me. There is an area in here, but it isn't substantial enough that it should hold them back if gunning it up for bonuses is the game. I'm mostly just cautious in here.
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jimkane
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Posts: 33,089
And I thought the RTH was illiquid. I just saw a 1-min bar go by with 1 contract, and then I noticed it was preceded by a 1-min bar with 0 contracts! I see at least five 1-min bars with 0 contracts, and many with single digits. Outrageous.
JI
jimkane
Rep: 3,058
Posts: 33,089
This 56.25 area here is a big line and Fib convergence, and look at the pattern. This will tell me a lot here, as far as the recent high being a possible short-term top or not. Big clue time.

