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JI
jimkane
Rep: 3,058
Posts: 33,089
Just over three hours until the futures open. Although there will be a break for part of tomorrow's RTH time, otherwise it's still 'game on'. I'm bored and ready for action. I'm not sure what my life would be like without the market, I guess I'd find something else that I find exciting...
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jimkane
Rep: 3,058
Posts: 33,089
You all know the 1-2-tick game. GLOBEX high at 16.25. I think it wants higher, so that game may not play out, but I'm ready for it.
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jimkane
Rep: 3,058
Posts: 33,089
!6.50 hit and produces a small reaction so far. I think it will 'blow out' to the upside. We'll see.
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jimkane
Rep: 3,058
Posts: 33,089
'Normally' I'd expect the 1-2-tick game to sell this and get the suckers real bad. But, it appears to be in frenzy mode. I can't wait to see what they do. For me, this area is a 'management mode for the long side' area.
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jimkane
Rep: 3,058
Posts: 33,089
Hmmmm, it's acting like the 1-2-tick game might happen. It makes me feel like it's a sucker trap.
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jimkane
Rep: 3,058
Posts: 33,089
Imagine the ultimate sucker trap in that they make it look like a frenzy, make everyone, even me, think the 1-2-tick game won't happen, and then it does! I think they will drop it a little to initiate the game, then goose it up. We'll see.
RA
rat89
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Posts: 7,015
Click image for original size
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jimkane
Rep: 3,058
Posts: 33,089
Crude tick chart just set a new high for the move. ES should follow, I'd think.
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jimkane
Rep: 3,058
Posts: 33,089
By the time I posted that the ES was already at the new high for the move.
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jimkane
Rep: 3,058
Posts: 33,089
You can see why I have such nice levels just overhead...

Originally posted by rat89

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jimkane
Rep: 3,058
Posts: 33,089
Okay, 16 level cleared, as expected, now I'm watching the 19 level.
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jimkane
Rep: 3,058
Posts: 33,089
Hmmmm. Hmmmm is my favorite expression today, it seems. Usually it's 'Amazing'. Anyway, the SPY has drifted back down to below the ES closing level. I'm not unhappy at all, just a bit surprised that they can't bounce this even in the aftermarket hours with nothing else trading. Very curious. I hope we see that 60-65 soon, preferably Sunday night, before we get 'the big bounce'. Then down into those 1100's, if I get my way.