Took a peek at my 4 hr ES chart to see we have begun a climb on both the slow and fast stoch so bullish for a day or two? I'll post a chart later.
when one trader comes in and starts throwing crap in the journal it usually escalates into several and we end up with crap stew so ,since the one guy can't help himself,it would be wise for the rest of us to put him on ignore, unless you enjoy the stew,just dont even mention his trades or quote him,unless et gets rid of him, we have 2 choices, ignore or stew, i know buy1sell2 used to say trades that weren't posted live with stops were ignored for journal integrity,before that one says anything about my stops, its been posted many times that i would avg,ad and reduce and have a max contract with a max stop of 20 ,which was taken in print several times..its not drown or lf
Alot of negative delta absorption at ES Daily Pivot as if large participants are playing for NVPOC and prior Settlement just under SPX 1710. But I have a hard time seeing an escape of VWAP test here.
I'm looking at a few things here. 1) We continue to chop for another 15-30 mins, and I will go long around the 1696-97ish area with a target of 1701. 2) An immediate slow push down in the next 15-30 mins, I will buy 1694.75 (already have a limit order in) 3) None of which happens and we push up immediately, I'm looking at the 1701ish area as the next resistance level and start all over again
Actually I forgot there is a bond auction at noon so they could be working this either way into that.
Clearly alot of algo positioning with possible AAPL dump manipulation to get the VWAP done. Watch AAPL 491.