Steve, how do you view such moves in terms of a test of support
on the cash index? I.e., do we view the futures plunge and recovery
with about as much weight as a cash move?
The cash takes precedence during the trading session but support
was tested on ES overnight. Off hours (Globex session), all
we can do is look at the futures charts.
ES 240 and 15 Minute Views
Posted by steve on 1st of Apr 2015 at 09:01 am
ES Spiked down last evening near horizontal support (low was 2033.50) and has managed to stair step higher throughout the evening.
Steve, how do you view
Posted by frtaylor on 1st of Apr 2015 at 09:06 am
Steve, how do you view such moves in terms of a test of support on the cash index? I.e., do we view the futures plunge and recovery with about as much weight as a cash move?
The cash takes precedence during
Posted by steve on 1st of Apr 2015 at 09:12 am
The cash takes precedence during the trading session but support was tested on ES overnight. Off hours (Globex session), all we can do is look at the futures charts.
Markets recovering from extreme oversold
Posted by steve on 1st of Apr 2015 at 09:24 am
Markets recovering from extreme oversold on ES so remain nimble.
regardless very volatile action, maybe
Posted by matt on 1st of Apr 2015 at 09:13 am
regardless very volatile action, maybe the PPT plunge protection team stepped in last night