Even to this day, I'm not sure if the ES is mirroring the foreign markets in the ETH or the other way around. Why is the ES so dull during the Asian session but picks up pace in the Euro session? Anyway, my newbie takeaway is if the Asian market is oh-so-discrete, the Europeans are more in-your-face, while the US is ultimately up-your-ass. Care to disagree?
If there's one thing I've observed in this bear market and I suppose it's true for ES in general, that is how key levels usually won't break cleanly. There's always a bid in this market. Occasionally you get a bidless trend lower, but certainly not always.
I watch both 1st 30 & 1st 60 and work about equally well. Along with prior day's RTH open and settlement, Globex high and low.
Long before either of them there was Tom DeMark back in the 70's with his TD Open, TD Trap, TD Clop, TD Clopwin, etc.
$DXY reversed yesterday's AM short term drop to close up slightly and today is currently up +0.46% and 10yr yield trading near session high 4.282% currently 4.277% so pressure once again for stocks.
Just happened again (watching at work through TradingView). Dropped to a new low and then spiked like crazy. Maybe there was news?