US Market 2010-11-18

By News Robot
    ESNQ
    AH High1191.752124.50
    AH Mid1184.382110.13
    AH Low1177.002095.75

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Comments
  • Lawrence Chan November 18, 2010 at 9:13 am

    AH range 15 pts. Opening way higher than previous day high.

    Almost exact opposite scenario to the one happened 2 days ago.

    The exception is that the bottom of the gap above was tested in AH.

    If in RTH it is tagged again, we may see an explosive melt up to fill the gap.

  • Lawrence Chan November 18, 2010 at 9:22 am

    R1 at 82 is also previous day high.

    Moving towards that is very likely if we do not see a squeeze up in the first 15 mins.

  • Lawrence Chan November 18, 2010 at 10:11 am

    Gap fill in progress.

  • Lawrence Chan November 18, 2010 at 10:14 am

    Previous week close.

  • Lawrence Chan November 18, 2010 at 10:32 am

    The first sweet spot for short is that when today’s range reached average daily range. That means 1201 area.

    However, I am not in the short camp, at least not at the moment. If we are doing exact opposite to what happened on Wednesday, the target of the current upswing should be current week high. For that to happen, previous week close will act as support.

  • Lawrence Chan November 18, 2010 at 10:43 am

    No visible weaknesses in custom tick indices yet.

  • Lawrence Chan November 18, 2010 at 11:08 am

    First sign of weaknesses – potential DT with weakened tick indices.

    Break of 96.5 will confirm.

  • Lawrence Chan November 18, 2010 at 11:21 am

    Fighting right at 96.5

  • Lawrence Chan November 18, 2010 at 11:32 am

    The mini DT is gone.

  • Lawrence Chan November 18, 2010 at 1:17 pm

    No pullbacks, shorts in disarray.

    More likely new high in 1 pm slot and 3 pm slot now.

  • Lawrence Chan November 18, 2010 at 2:34 pm

    No new high in 1 pm.