US Market 2010-11-26

By News Robot
    ESNQ
    AH High1200.002163.00
    AH Mid1191.252148.88
    AH Low1182.502134.75

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Comments
  • Lawrence Chan November 26, 2010 at 9:15 am

    Happy Thanksgiving!

    Today is half day trading in all indices. It is not a good idea to trade on this day in general because of thin volume.

  • Lawrence Chan November 26, 2010 at 9:17 am

    I will not be trading ES today as I do not trade half day sessions at all. Will continue to comment here if I see something interesting.

  • Lawrence Chan November 26, 2010 at 9:32 am

    Just like Wed, gap to previous day low within a pt. Making it difficult to identify the odds of filling which gap first? above or below.

  • Lawrence Chan November 26, 2010 at 9:35 am

    Should Wed low acts as support, we get midpoint, then PP.

  • Lawrence Chan November 26, 2010 at 9:38 am

    Notice that on Wed, it was a replay of Mon – distribution above 93 all the way up.

  • Lawrence Chan November 26, 2010 at 9:45 am

    First try to rally – S1 acting as resistance.

  • Lawrence Chan November 26, 2010 at 9:52 am

    91 is AH mid.

  • Lawrence Chan November 26, 2010 at 10:09 am

    S1 flipped its role now, acting as support. As long as it holds, PP in play.

  • Lawrence Chan November 26, 2010 at 10:19 am

    As expected, selloff is not allowed on Black Friday. =)

  • Lawrence Chan November 26, 2010 at 10:28 am

    PP tagged. The more useful intraday biases are used up by now.

  • Lawrence Chan November 26, 2010 at 1:36 pm

    Was busy with our software release stuff and ddid not watch the close.
    Seems like no one wanted to hang on to their long positions over the weekend.