The divergence for the past week:
Yes, you're correct. It was a breakout on light volume. if you look at 30 minutes or 60 minutes chart, the divergence is very obvious. Well, we...
The LOD 663.8 holds, 663.3 to 664 is the support area.
The overall market is still very bearish, on my charts, ER2 has never crossed otehr indexes in the comparision charts throughout the day.
I feel ER2 might make a trend reversal in the afternoon, look at RSI/Price divergence:
Support 3 is at 663.4
Pulling back from 38% retracement and broke that small bullish trading channel:
38% retracement is 666.5
Divergence:
Support/resistence update (through market profile):
The program automatically calculate the pivot. It updates automatically during the day. High is 670.3 and low is 664.1 Right now I still have 669...
Support and resistence updates:
Updated levels:
Today's trading levels: Pivot: 665.60 S1: 663.90 S2: 661.70 R1: 667.80 R2:669.60 R3: 671.70 Trading range based on market...
Well, before taking my son to the mall, just came back to the desk and take a look at the chart. ER2 is so strong while other indexes are so...
OUt for 1 point gain at 669.50. I'm done for the day, have a good weekend!
Now I am waiting for a breakout to get in. If 668.30 breaks with good volume, I will be in, otherwise, just watching.
ER2 formed an intraday "W" formation, what that tells you?
Trading at R2, . ES and NQ both died. http://tinypic.com/view/?pic=flbybd
At the top of the band and triple top, I would wait for a dip.
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