what's going on with Russel 2K?

going nuts here.

short squeeze? the urgency in buying doesn't look like 'good buys' to me.

thoughts?

 

Minimal participants willing to be sitting on the offer (minimal limit order sellers) into SHORT's bailing with market orders (buying to cover....to go flat).

This happens every once in a while in the TF.......due to lower liquidity traded instrument (and it is coming into late day on a Friday as the ES pushes new highs).


http://www.charthub.com/images/2010/12/10/TF_Entry_M3_Signals_rev2.png (lower pane is order book resistance)


Market directional turn does not happen until solid "market order" driven sellers and order book resistance ("limit" sellers going onto the offer) starts to sync up. Then we get an order flow transition and sellers take over control of the order flow and down the TF starts to trade off new highs.

 

It's laying a bull trap.

 

I noticed how strong the russel has been over the last 2 weeks, seems everything is in bull mode.