Trades with cats wrote:I have ES VWAP at 2260 and falling. Don't know if we will get there in a straight line (doubt that) but the odds favor getting there.
Trades with cats wrote:Now the market will tell us what the big boys are up to. Must wait to see if this is resistance or support. On paper institutions are offered VWAP as their average buy or sell on their broken up large blocks. Looks like it will take some time to find a direction.
Time wise we sold off from London close to noon. Often lunch hour is a positive move. Some say to get lunch hour traders to buy. But I have not seen statistics on that.