Looks like you have the train to yourself at this point. :p I would like to see a test of 12, as that looks to be a major support area.
You are correct, the 4:00 close on 5/25 was 15.75. The 4:15 RTH close was 14.50. I like the to use the 4:15 myself.
Home sales numbers sucked, let's see if the push it to the 12 area... http://www.forexfactory.com/
Ahhh, that makes sense...I guess. :) Looks like we have a long way to fall should this selloff continue.
Good morning, LF. Gap filled to the tick at 14.50...amazing!!
Home sales numbers at 10:00. This selloff could well be positioning for a rally if numbers are good. Got a bid sitting at 12.25, could get...
Not sure why that would have caused a rally, rather than a crash. I guess the Macroeconomists can explain that one.
ES is selling off hard at the open, next support at 1312. Considering a bid at 12.25, but looks a bit risky...
http://www.forexfactory.com/news.php?do=news&id=364951
I had the same question. Here's what seems to be the reason: http://www.forexfactory.com/news.php?do=news&id=364923...
Good job dude!! Way to make lemonade from lemons...:)
:confused:
Stopped out 21.25, -3. No more Fridays for me. In the interest of capital preservation I will call it a day. :p
Short ES @ 18.25, target 13.25, stop 21.25.
I will put on a short with a tight stop if we test lower and pullback, so I can cover the burgers and beer. :)
Friday is my least profitable trading day, so I am hyper-vigilant about managing my risk today. Not to mention the EOM on top of it all. :eek:
Forty minutes in and the whipsaw is running full speed. May be better to take the day off and hit the beach. :cool:...
Covered at 18.75, B/E. We are right at the PP, so I am standing aside.
Along those lines is this CNBS article. They are trying to front-run a selloff...must be a slow day in the news room!! :p...
Long ES @ 18.75, target 28, stop 15.75.
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