Spike up in futures

bought the Q`s premkt at 36.03..put out my .25 bracket and forgot about them. Get lifted at 36.28 and watch them trade up another .50 ,,,,,,,,,,,,,,, F me for not being a pig

 

Look back at tuesday's trading, there is a resistance level at 1135.00 which the market could not breach despite several attempts. Also the buying seemed to get a bit panicky just now, like the shorts were throwing in the towel after the big rally up, which usually indicates a top is near. The blowoff spike up plus the resistance level were enough of a reason to go for a quick scalp IMO.

 

I have a fill buying at 33.25 at 16:29:27, thanks all the same.

 

Cutten, good observation. Just before the top, especially NQ made a parabolic move.

Chinook

 

Good stuff, i noticed the exhaustion, but didn't have the balls to enter.

 

Bull traps, bear traps. This market rocks.

 

Perhaps we'll see ES 50% retrace to 1130 (between top and 50 day MA).

Chinook

 

Out of the rest @35.25

 

Anyone catch that 15 point move?

 

What are the chances that we'll see ES down at 1100 today?
I give it 10% chance. It'll be the move of the year!

Chinook