See post in o/n
pretty much right on:
1. forming low
2. govt buy prg to come in
estimates made late and after 8:30 (eg. about 8:55) so LE was a known
Attn -shm
It is possible the high end is too low as the H-L dif is < the est rng but with a big gap down the range can be reduced
Note to file : when selling HOD and you get a warning on market order that quantity is less than bid - just but the thing in anyways.
Delays cost money in fast moving CL
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ES 8 min
Educational only and not trading advice (EO&NTA) Good trading to all
Wow that was a nice open to buy if you caught it. Huge gap down way below lower bb on daily SPY. Virtual guarantee it pops up to get back in the band and it already did. Couldn't comment since I was commuting when it happened.
bearish as of SPY 406 on 2/17/23
currently: end bearish as of SPY 406 on 3/6/23
Trades with cats wrote:With the legendary JPY carry trade closing out fast selling should be relentless. The intervention this morning before the NY open could be just the first of many, unless the the Fed can co-ordinate a crisis intervention.
I have thought the same, but market was able to keep itself together despite big USDJPY move since last week. I see a bottoming possibility. that said, currently still selling mode.
Here's something I've been playing around with. I wanted something similar to the T2123 breadth indicator but more responsive after large moves like in August and January.
5 day cumulative new high low
Note: With this chart the values mean nothing, only the direction matters
Trades with cats wrote:With the legendary JPY carry trade closing out fast selling should be relentless...
I have thought the same, but market was able to keep itself together despite big USDJPY move since last week. I see a bottoming possibility. that said, currently still selling mode.
Mentions of oil price correlation with US stocks seems to have greatly diminished.
gato.chan wrote:Here's something I've been playing around with. I wanted something similar to the T2123 breadth indicator but more responsive after large moves like in August and January.
Note: With this chart the values mean nothing, only the direction matters
nice, thanks
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
Trades with cats wrote:With the legendary JPY carry trade closing out fast selling should be relentless...
I have thought the same, but market was able to keep itself together despite big USDJPY move since last week. I see a bottoming possibility. that said, currently still selling mode.
Mentions of oil price correlation with US stocks seems to have greatly diminished.
I still find the two very correlated. but the impact has waned. actually for the last couple of days, intraday up and down are very correlated to crude given big sell off on USD>
gato.chan wrote:Here's something I've been playing around with. I wanted something similar to the T2123 breadth indicator but more responsive after large moves like in August and January.
breadth.png
Note: With this chart the values mean nothing, only the direction matters