remember we have Jobs data tomorrow, so we'll probably get a gap
either way, either up or down.
that's all the market does anymore is gap.
I've talked to a lot of ES traders, and they all agree that the
easy money anymore is made at night. We all joked how we
should switch our schedule i.e. sleep during the day, and trade ES
at night, because that's when the moves occur i.e. Europe open,
Asia, etc
The big moves have been have been happening afterhours when the
overseas markets are open. Hence the big gapups and gapdowns that
we've been having because the US futures have been following with
the European and Asian markets. For example, last night the ES
dropped from 1238 to 1213.50 from 6:15 PM/EST to 3:30 AM/EST. Then
it rallied to a high of 1254.75 at 9:00 AM/EST before today's open.
That's a 25 point ES move in one direction, and then a 41 point
move in the other. All that happening before the cash open for the
U.S. markets.
rising wedge?
Posted by marketguy on 3rd of Nov 2011 at 02:59 pm
5 min wedge too
Posted by perthx on 3rd of Nov 2011 at 03:02 pm
looks about done but will it drop or break though?
apparently trying to break (to
Posted by marketguy on 3rd of Nov 2011 at 03:03 pm
apparently trying to break (to the upside!!!)
1263 is .618%
Posted by perthx on 3rd of Nov 2011 at 03:06 pm
it may overshoot but i think it is close to done
remember we have Jobs data
Posted by matt on 3rd of Nov 2011 at 03:31 pm
remember we have Jobs data tomorrow, so we'll probably get a gap either way, either up or down.
that's all the market does anymore is gap.
I've talked to a lot of ES traders, and they all agree that the easy money anymore is made at night. We all joked how we should switch our schedule i.e. sleep during the day, and trade ES at night, because that's when the moves occur i.e. Europe open, Asia, etc
Didn't the S&P move from
Posted by quantum on 3rd of Nov 2011 at 04:28 pm
Didn't the S&P move from negative to high of day during the U.S. session today?
This is a greater range than during Asia or Europe open. Pls get your facts right.
The big moves have been
Posted by cw12 on 3rd of Nov 2011 at 05:16 pm
The big moves have been have been happening afterhours when the overseas markets are open. Hence the big gapups and gapdowns that we've been having because the US futures have been following with the European and Asian markets. For example, last night the ES dropped from 1238 to 1213.50 from 6:15 PM/EST to 3:30 AM/EST. Then it rallied to a high of 1254.75 at 9:00 AM/EST before today's open. That's a 25 point ES move in one direction, and then a 41 point move in the other. All that happening before the cash open for the U.S. markets.
So that was the point that they're making.
The /es had around a 46 handle range.
Posted by zach06 on 3rd of Nov 2011 at 04:36 pm
Whatever pattern you want to call it......Everyone should be able to make money with that kind of volitility.
that's what I did.... The /es actually trend at night...
Posted by zach06 on 3rd of Nov 2011 at 03:33 pm
and a reversal bar actualy reverses.
I think it might be looking for
Posted by lsherrer on 3rd of Nov 2011 at 03:05 pm
the 30-min pivot.
Futures don't have much choice at these levels
Posted by zach06 on 3rd of Nov 2011 at 03:05 pm
they have to break up or break down.... they can't stay at the highs