Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.
Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.
yea, 15 points in two minutes more or less. In ES world goes to show the old guys who say never ever use day trading margin limits are proven correct. IF your broker allowed $500 per contract day trading margin, as some claim, well that was $750 move in two minutes so bang went your account. Just saying.
Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.
Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.
So this is very definitely NOT NORMAL. Wondering if someone with deep pockets is testing market capacity, or if they just have a really really bad trader working for them.
And back up to VWAP, just like nothing happened, again. Will we climb back above the OR high, or in a mirror image of earlier will it become the new ceiling as the overnight high did.
still looks like some news. wait for the dust to clear first.
Attachments
Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.
Sorry, prior comments were meaningless if you are looking at 5 minute bars, I watch around 1 minute bars.
You can see after the first fast drop overnight high became resistance, Now a second drop from a lower level, so I wonder if the overnight high becomes resistance, assuming this market can get over VWAP.
Monster NYAD was above +1900, now +1600
Negative divergence at 11:00, and another at the 11:40 high
(those were both intraday sell signals, or at the very least, the signal to tighten stops)
SPXL, one day, 5min
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.