LOL, es low for the month 1208 would not be surprised to see a retest, as I said if the bears can close under 1220 then 1180 may be next. Shan B notice how es bounced off 1220 area.
he covers more of the math issues such as skew and kurtosis better than most graduate programs, also makes downloading stock data a breeze. He can be a little confusing but for guys that don't program in Matlab it gets the job done, good trading all!
Crude oil gunning for the A up. Watch crude! You cannot short this market if crude stays above 97.00.
Here is another site I have posted this a few times in es thread. This gives you all the lovely charts of market profile without the monthly fees. Please ignore if you think market profile is bunk. http://www.charthub.com/
AUD/USD and AUD/JPY both bounced off their monthly A downs today. Giving one a low risk long entry on either one.
I think oil has some other drivers right now which makes it such a great long. The oil/copper spread is very smooth. I don't think oil is driving the ES higher. I think the currencies are providing more support for the market right now then oil as well as the selloff in bonds. If oil goes through 100 it will probably be a negative driver for the ES, not positive. It's all about looking at relationships. The entire market is one big relative value bet. You just need to find that "value".