I see a lot of large lots going off on the ask (ES) while YM is at 10450, but is anyone else looking to short this level?
so pretty when market not allowed to go down and stay down... you go Greenie$$ get your pic on the Fed wall of fame$$$
Tomorrow I see weakness in the dow. Resistance at last wed's early morning low. http://finance.yahoo.com/q/bc?s=^DJI&t=5d First downside target on the index is 10425.
I am also looking to the downside tomorrow (maybe that makes you want to change your mind and go long :eek: ) Are you short overnight? Talk about a trendline. Check out the ES earlier today. We held that resistance turned support the entire day but it didn't hold after RTH.
I am going to buy the top today @ 10590 just to show you this market will not go down, I am not placing a stop and will average down, no problem, this truly is a risk free market. Long 1 contract @ 10590. Market it down. Buy limit 1 @ 10570. Buy limit 1 @ 10560. I know this is not the most sensible tactic, just want to make a point.
If I don't get a fill on my resting orders, I will sell the one @ 10640. I am totally relaxed and have no fear about this trade at all.
I hope it falls so I get my fills down lower tonight. I am confident YM will be close to 10700 by weeks end.