Let's Hack it, Then

Discussion in 'Trading' started by KevinLB, Aug 12, 2011.

  1. KevinLB

    KevinLB

    With the ES printing narry more than 12.5 points close to close (GARCH) before this last pivot break, I think we can expect higher prices the range opening up a bit. Well, a full five, five! standard deviations of the month-long VWAP! See the chart below. Half the distance of that would put a close in the lowest quartile of 1200's as worthy to fade. The question is: will we break 1000 first? Maybe we can see NASDAQ numbers from this move in the SPU's. I have a theory. Anyway, irregardless, fortunes will be made and lost here.

    I think this move heading on toward the close is indicative of a bear range break. (They just dumped it too.).

    Care to hash it out.?