lol. not so much an historic pattern, but a behavioral dynamic that makes sense when you think about it. True, ES is the 800-lb price discovery gorilla, but ... -- NQ/NDX represents the high-beta "pure play" core of the ES -- ES/SPX is a crosswise-with-itself amalgam. Generally speaking, ES will go where NQ insists ... and, so far today, it's "insisted" DOWN ... BUT, if ES/SPX acts stubbornly and simply refuses to concede to its high-strung alter ego, its sheer mass wins the day, and NQ/NDX defers to the big boy. My guess -- just barely my guess -- is that this will be the case today VWAP dynamics will tell the story, though ...
Hi Everyone, I was wondering if someone has some ideas for determining when the ES will move from narrow range days to wider range (15pts or>)? many thanks,
didn't see this earlier. Congrats. Great trade. Hope we see your 1300 within a week or so! Market not doing much. Finishing for the day. Limit in to get long at 1236 cheers edit: nice