Steve, education question for you and Matt. So far they have
come up short filling the gap on the SPX at 4400ish, but if and
when they do fill it and perhaps run it higher, is this what you
refer to as creating liquidity? Trying to learn here!
Thx,
They ran the equal highs on the SPX earlier (that's what I
see creating liquidity and soon after your get a pullback).
The break takes out stops and gets some traders to chase setting
the trap and then reverse. Down 20+ points since
Now 30+ points for that Bull trap (divergent high). It's
a hit and run market of late - for swings have to ride through the
chop add weakness with stops
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ES reached next target zone
5/1 ES Levels June Contract (ESM24)
Posted by steve on 17th of Oct 2023 at 12:37 pm
ES reached next target zone around 4422 trail
Steve, education question for you
Posted by DK on 17th of Oct 2023 at 01:08 pm
Steve, education question for you and Matt. So far they have come up short filling the gap on the SPX at 4400ish, but if and when they do fill it and perhaps run it higher, is this what you refer to as creating liquidity? Trying to learn here! Thx,
They ran the equal highs
Posted by steve on 17th of Oct 2023 at 01:23 pm
They ran the equal highs on the SPX earlier (that's what I see creating liquidity and soon after your get a pullback). The break takes out stops and gets some traders to chase setting the trap and then reverse. Down 20+ points since
Thanks as always Steve!
Posted by DK on 17th of Oct 2023 at 01:39 pm
Thanks as always Steve!
Now 30+ points for that
Posted by steve on 17th of Oct 2023 at 01:53 pm
Now 30+ points for that Bull trap (divergent high). It's a hit and run market of late - for swings have to ride through the chop add weakness with stops