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.
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The big moves have been
rising wedge?
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.