US Market 2010-11-17

By News Robot
    ESNQ
    AH High1181.002102.50
    AH Mid1177.132095.88
    AH Low1173.252089.25

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Comments
  • Lawrence Chan November 17, 2010 at 9:37 am

    ES PP is right above at 78.5

    1st thing to tag.

  • Lawrence Chan November 17, 2010 at 9:38 am

    Using 4 pm close, the gap was filled right off open.

  • Lawrence Chan November 17, 2010 at 9:46 am

    As a normal day yesterday, as oppose to a PP failure day, we can expect the previous day low to be tested first.

  • Lawrence Chan November 17, 2010 at 9:48 am

    If that does not happen and we get a triple green holding up the market. Then R1 will be in the card.

    Yesterday I posted about the 2% buyers, that points to sometime today in RTH we will see 1% up.

    So – long bias until these biases are used up.

  • Lawrence Chan November 17, 2010 at 9:55 am

    AH Low acted as support – triple green in place.

  • Lawrence Chan November 17, 2010 at 9:56 am

    PP tagged. And Dow turned back down to negative (red).

  • Lawrence Chan November 17, 2010 at 10:11 am

    Previous day low was 71, 1% up is 83 area.
    1% up from previous day close is 86+

  • Lawrence Chan November 17, 2010 at 10:12 am

    ES new high, yet Dow still showing red.

  • Lawrence Chan November 17, 2010 at 10:14 am

    Today, NQ is leading to the upside, ES is dragged up by NQ and YM definitely lagging.

  • Lawrence Chan November 17, 2010 at 10:28 am

    mini 3 pushes against 81 level.

    81 is AH high.

  • Lawrence Chan November 17, 2010 at 10:32 am

    ES refuses to go higher with NQ the leader.

    NQ has not tagged its resistance yet.

  • Lawrence Chan November 17, 2010 at 10:36 am

    Dow turned negative again.

  • Lawrence Chan November 17, 2010 at 10:38 am

    If PP + ORH fails to hold the mkt up, day low in play again.

  • Lawrence Chan November 17, 2010 at 10:44 am

    NQ pushed another new high while ES not.
    One side must give in.

  • miniflowtrader November 17, 2010 at 11:10 am

    Both failing at the bear breakout test of yesterdays second leg. Assuming today is ping pong trading, although that can all change if we break ORL.

    • Lawrence Chan November 17, 2010 at 12:14 pm

      2 things helping ES to stay positive at the moment

      – USD weakening
      – NQ leadership to upside

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