US Market 2010-11-11
By News Robot| ES | NQ | |
| AH High | 1214.00 | 2176.25 |
| AH Mid | 1210.00 | 2164.25 |
| AH Low | 1206.00 | 2152.25 |
Trading Edges That Last
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Lawrence's Comment Recap Flushed lower first and then 2000 round number acted as platform for a rally into FOMC announcement as expected. ES sold off since then and dropped back down to ...READ MOREFor more information about this report please refer to the Market Bias Informant pageREAD MOREFor more information about this report please refer to the Market Bias Informant pageREAD MORE
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3 pm – not enough time to develop any downside move now as the drop failed to take out 09.5
Turned below 12.50 to break 09.50
Bearish bias in place.
Where did 12.50 come from?
1 pt above 4 pm PP.
Day high can be regarded as a w. thrust against that PP.
I mentioned 12.50 on last page too.
PP should not be taken out for the bearishness to carry over into AH.
Notice how the regular PP now acted as resistance.
As I said, there is not enough time to develop a move, so the battle is likely to carry over in AH
Notice that so far in RTH, we have an inside day for ES.
Inside day is rare and can lead to very wild swings tomorrow.
1-2-3 buy into RTH close. Short squeeze.
Hugh tick index spike in the past 5 minutes.