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1-tick lower high in 11 am.
Weakness.
Notice how hard someone is trying to not allow 92.75 to print even though it is the bid for several times.
Looks they are defending last months high.
Yep. 3rd lower high. ORH in play.
Low volume already.
Even though currencies are resuming their moves in favour of USD, ES is holding up fine at 93.
Not following the intermarket dynamics again.
Until those monthly players are done … messy PA from thin volume.
Wasted too much time watching this. That’s it for me today.
First tag of 20EMA in over 2 hours is usually a buy. Buyers came in, I did not 🙂
I choose to stop because tick indices are less reliable when there is no volume.
No need to fight a battle without my best tools. =)
That in itself would be an interesting topic for an article 🙂
I agree.
As expected USD will probaly continue its trip towards the 79-80 area.
But ES has successfully avoided the sell off by a mysterious gap up and not selling back down to sync with the currencies.
So any sell off from here in ES will have limited damage to the overall uptrend on weekly.
1-tick lower high in 11 am.
Weakness.
Notice how hard someone is trying to not allow 92.75 to print even though it is the bid for several times.
Looks they are defending last months high.
Yep.
3rd lower high. ORH in play.
Low volume already.
Even though currencies are resuming their moves in favour of USD, ES is holding up fine at 93.
Not following the intermarket dynamics again.
Until those monthly players are done … messy PA from thin volume.
Wasted too much time watching this. That’s it for me today.
First tag of 20EMA in over 2 hours is usually a buy. Buyers came in, I did not 🙂
I choose to stop because tick indices are less reliable when there is no volume.
No need to fight a battle without my best tools. =)
That in itself would be an interesting topic for an article 🙂
I agree.
As expected USD will probaly continue its trip towards the 79-80 area.
But ES has successfully avoided the sell off by a mysterious gap up and not selling back down to sync with the currencies.
So any sell off from here in ES will have limited damage to the overall uptrend on weekly.