Es moves in 10 handle increments more often than not.... 26.50 was swing hi.... we traveled 100 handle south... where they were obviously waiting.... as was I!
This is why trading against computers is getting harder and harder. Did you see how fast that 13 point bar completed from low to high ? It was almost impossible to enter on that bar (939est bar) . The retracement before that was on low volume, but it looked a tad heavy. I understand nowadays I'll miss a lot of these moves as it gets harder and harder to trade with these algos. I'll just pick up the scraps they leave behind
Barn Burner in financials today and for the foreseeable future. The SP will be led to ATHs by financials.
From Bloomberg: Recent price pattern in the Nasdaq last seen in 2000 before the Tech bubble breakdown.
Anticipating for an IHS on the 5 min to be built out... 50/55 = NL... let1s see how we roll... Quota hit for the day ... will keep pushing against my rules...
The banks are cheap for a reason B1. Dimon shoring up for bad loans. Regional's are gonna be ugly. Buybacks on hold. XLF is up .$0.04 .... after Dimon's conference call. Hardly a barn-burner day.