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need a better news source… [/quote]fehro wrote:[quote="Wallstreetrader"
by CNN
yes, bulls should test water at these levels...Trades with cats wrote:ES Average Daily Range (20 day) 10.5
TF Average Daily Range (20 day) 12.7
So both are "limit" down" from the open. In the six months or so I have been using this indicator I have not seen a day that closed outside of it. Last week ES went below by about five handles, but came back before the close.
Not forecasting that the low for the day is in, just saying a lower low would be unusual. However with the VIX doing what it is could be some potential hedge fund margin calls coming, in which case all bets are off on normal behavior.
If I had the time would love to run stats on days when the funds were puking up a lung, er I mean reducing leverage.
gotta get above 2460 for starters...brokebybernacke2 wrote:yes, bulls should test water at these levels...Trades with cats wrote:ES Average Daily Range (20 day) 10.5
TF Average Daily Range (20 day) 12.7
So both are "limit" down" from the open. In the six months or so I have been using this indicator I have not seen a day that closed outside of it. Last week ES went below by about five handles, but came back before the close.
Not forecasting that the low for the day is in, just saying a lower low would be unusual. However with the VIX doing what it is could be some potential hedge fund margin calls coming, in which case all bets are off on normal behavior.
If I had the time would love to run stats on days when the funds were puking up a lung, er I mean reducing leverage.