US Market 2010-11-16

By News Robot
    ESNQ
    AH High1196.002127.25
    AH Mid1191.252117.25
    AH Low1186.502107.25

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Comments
  • Lawrence Chan November 16, 2010 at 9:32 am

    Remember what I said yesterday?

    “Classic R1 to S1 move” – the S1 price level was tagged this morning. =)

  • Lawrence Chan November 16, 2010 at 9:33 am

    Today gap open way below previous day low.

    Focus on 2x previous day range, and weekly structure is in play.

  • Lawrence Chan November 16, 2010 at 9:45 am

    2x previous day range acted as support.

    as long as S2 act as suppot, a test of previous day low is in order.

  • Lawrence Chan November 16, 2010 at 9:51 am

    Notice ES is way weaker than NQ at the moment.

  • Lawrence Chan November 16, 2010 at 10:16 am

    1-2-3 buy off 2x previous day range low.
    And now another one off S2.

    Must break day high quickly for a good move up, if that fail to materialize, trend sell day will form.

  • Lawrence Chan November 16, 2010 at 10:23 am

    mini DT breaks the S2, pointing to a retest of ORL.

    Not a good sign for bull.

  • Lawrence Chan November 16, 2010 at 10:39 am

    My S3 stands at 1181.

  • Lawrence Chan November 16, 2010 at 11:10 am

    Trend sell day in place and 11 am slot new low. yay!

  • Lawrence Chan November 16, 2010 at 11:13 am

    At this point in time, NQ is weaker than ES.

  • miniflowtrader November 16, 2010 at 11:21 am

    Just tagged the 75 target 🙂 (close is close enough)

  • Lawrence Chan November 16, 2010 at 11:22 am

    Currencies confirming the selloff direction.
    I have other things to attend to soon.

    Notice that ES has expanded to the downside approx. equal to the average daily range. If you do not monitor the mkt whole day long like me, then you can take the profit and run.

  • miniflowtrader November 16, 2010 at 11:57 am

    Good bounce zone.

    Just tagged 2x Monday range + 2x 30M range (which was wider then normal) and NVPOC. New month low print.

    Ireland about to release statement. Could be a market shaker.

  • Lawrence Chan November 16, 2010 at 2:15 pm

    Back to take a peek at the mkt to see if there is anything worthwhile to wait for.

  • Lawrence Chan November 16, 2010 at 2:17 pm

    11 am slot low is also morning low. Tested once at noon 1 tick above.

    1 pm higher low higher high but 50% of day not breached.

    So, trend sell day intact.

  • Lawrence Chan November 16, 2010 at 2:18 pm

    It is more likely we see new low for day by 3 pm slot than going higher above 50% of day.

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