ES 10/28/2010

By Lawrence

Busy with office matters this morning … seems like I missed a good move.

S&P holding green (i.e. net positive) but momentum leader NDX is red (i.e. net negative from previous close) = mixed market.

Key price level will be the test of NQ previous close (4 pm one).

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Comments
  • Lawrence Chan October 28, 2010 at 12:12 pm

    The test of previous day high resulted in new low in 11 am slot. Nice.

    Edit: Wrong time reported – the new low was made right after 11 am slot. Thus the sell off could be done for the day.

  • Lawrence Chan October 28, 2010 at 12:54 pm

    NQ clearing holding OR of the week.

  • moneymonkey October 28, 2010 at 1:04 pm

    Hesitated and didn’t sell break of R1 at 1182 this morning.

  • moneymonkey October 28, 2010 at 1:10 pm

    Holding 1 tick higher low from day low breakout from pivot.

  • Lawrence Chan October 28, 2010 at 1:19 pm

    NQ gunning for weekly OR high (monday high) – as expected =)

  • Lawrence Chan October 28, 2010 at 2:29 pm

    NQ done tagging Monday high.

  • Lawrence Chan October 28, 2010 at 2:34 pm

    As mentioned before, NDX wanted upside expansion this week yet ES is showing weaknesses on daily. NDX has been a leader most of the time, thus ES will have a very hard time to get any meaningful selloff.