YM being held down. I wouldn't go short. Possible short squeeze like we saw last week on ER2 when ER2 was being held down. Even if we break 11755, I'm not going short. Things don't look right for a short to me.
So far, 5.25 point range on the ES day session. Gary's low stress, clearly stated rules, system pocketed 2 points per contract by 10am...then nap time. Thanks Gary
It looks to me all the institutional money is in semi's, financials, but very little in Oil sector. THis XLE break is not moving the markets at all, where as 6 months ago, XLE would be trading in tandem with the dow.
WOH what a sell off out of the YM still holding ES ( 2 cars but waiting for 1342.50 level I still think there could be more sell off
The mystical Orb is NEGATIVE calling for WEAK Market action this afternoon. To best illustrate this cutting across the grain of popular consensus opinion( that today will see a new Dow record) that the âBALL has with itâs weak forecast ... From Bill Rennick's Journal The orb is negative SHORT SHORT SHORT.