US Market 2010-11-16

By News Robot
    ESNQ
    AH High1196.002127.25
    AH Mid1191.252117.25
    AH Low1186.502107.25

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Comments
  • Lawrence Chan November 16, 2010 at 2:26 pm

    Likely target is gap #6 mentioned in weekly commentary.

  • Lawrence Chan November 16, 2010 at 2:33 pm

    Key to trading a day like today is to notice that the day has opened far away from previous day range. It is a very low % of all trading days.

    After 1st 30 mins, as the ORH acted as resistance, the trend sell formation is in place (as mentioned at the time) and that dictates the direction for the rest of the day.

  • Lawrence Chan November 16, 2010 at 2:38 pm

    Easy ride =)

  • Lawrence Chan November 16, 2010 at 2:40 pm

    Still with 2 pm slot, if we get a new low before 3 pm, then home run by close likely.

  • Lawrence Chan November 16, 2010 at 2:41 pm

    First target morning low tagged.

    Reaction here will be important.

  • Lawrence Chan November 16, 2010 at 2:50 pm

    NQ did not make a new low. It is also stronger in percentage terms than ES.

  • Lawrence Chan November 16, 2010 at 3:00 pm

    yen clearly anticipating a rally from ES soon.

  • Lawrence Chan November 16, 2010 at 3:02 pm

    3 pm – not much can be done unless you are in a position already.

  • Lawrence Chan November 16, 2010 at 3:11 pm

    Am still waiting for a new low print in 3 pm slot.

  • Lawrence Chan November 16, 2010 at 3:17 pm

    My home run. XP

  • Lawrence Chan November 16, 2010 at 3:18 pm

    From this point onward, the mkt must act directional.

    That means morning low must act as resistance.

  • Lawrence Chan November 16, 2010 at 3:19 pm

    Statistics bias are now used up.

  • Lawrence Chan November 16, 2010 at 3:22 pm

    Time to get other things done.

    Not bad for 90 mins of wait time.

  • Lawrence Chan November 16, 2010 at 4:20 pm

    Finally get a chance to see the close.

    2% drop buyers stepped in, we can expect by tomorrow in RTH the 1% price level will be tagged.

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