RTH seems to be shorthand for regular trading hours, or the old open outcry market. I guess the overnight stuff should be called Globex because the extended hours handle seems to mean the extra 15 minutes after the floor traders stop.
Fat Tails (Henry in Berlin) daily weekly and monthly pivots, VWAP and high low close ADR indicators can all be set for any and all trading hours. He suggests using the hours where the bulk of trading goes on.
My long term chart for ES (continuous) with channels.
Yellow channel has stoped the bulls for the moment. 2370 on ES should be a good support today, MA9 days.
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for now it looks like a bear flag, just nowadays most bear flags turn into V shape bottoms so hard to trust what I see.
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new low ? Well FOMC Evans was concerned about inflation, sounding dovish. Vice-Chair Fisher is up at 12:30 and is a Hawk so if he sounds soft we could see a reaction. But I have no idea at this point which way the markets will move if they do not raise. It is that game, what do you think everyone else is thinking.
once the /DX traded lower than 102.05, I know the correction in /DX is not good sign for rate increase talk. will see. right now /DX is on sell mode short term, so is /ES under 2380.
/ES 2380 is key pivot on short term as of today.
My comments are for entertainment/educational purpose only. NOT a trade advice.
I think it is a requirement for Chair Yellen to confuse the markets at this point and "keep em guessing". If I am right then we sink into a boring range.