I know it is opx week, the markets should head up. But I have this nagging feeling we may get a surprise downward move that will catch a few bulls offside. I sold most of my longs 1/2 hour before the close.
Weird thing is, HFTs are hitting this market every 30 mins now, with less & less effect. I can’t figure out why they would do that. The last HFT ramp 10 mins ago just got hammered. Clobbered. There must be something on the horizon.
I know it is opx week, the markets should head up. But I have this nagging feeling we may get a surprise downward move that will catch a few bulls offside. I sold most of my longs 1/2 hour before the close.
ES Diamond pattern: http://niftychartsandpatterns.blogspot.com/2011/11/es-diamond-pattern.html
Now that momentum has turned away from resistance, it’s a perfect time to gap over tomorrow…
Wow, consistent $100 oil is sealing the fate of he economy.
If we break 1263. we head up to the 1270 area in by the close.
Another 20 minutes or so, they will ramp this up into the close.
Depending on the close, I may short the market. Or I may have to short tomorrow morning.
Weird thing is, HFTs are hitting this market every 30 mins now, with less & less effect. I can’t figure out why they would do that. The last HFT ramp 10 mins ago just got hammered. Clobbered. There must be something on the horizon.
If we see 1292 tomorrow, I will be shorting that pig!
For now I am just going to do swing trades
They gotta bring it down just a bit so they can gap this sucker over 1292 tomorrow.