US Market 2010-11-22

By News Robot
    ESNQ
    AH High1206.002149.00
    AH Mid1199.252137.38
    AH Low1192.502125.75

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Comments
  • Lawrence Chan November 22, 2010 at 12:32 pm

    Hitting mid gap 84.

    The short in 10 am was easy if you stop yourself in.

    The 2nd short from 11 am new low is a bit harder because of NQ not cooperating.

    But once you learn to use Time Map, it will be easier in handling this kind of situation.

  • Lawrence Chan November 22, 2010 at 12:35 pm

    Staging potential 1-2-3 buy off mid gap.

    Previous day low should act as resistance from this point until gap filled.

    My morning trade is done for now as I have other matters to attend to.

    Good luck trading!

  • Lawrence Chan November 22, 2010 at 2:00 pm

    82-83 proven an important price level.

    NQ did not break previous day low, meaning its gap below is intact and not bearish.

  • Lawrence Chan November 22, 2010 at 2:01 pm

    Previous day low acted as support as oppose to act as resistance, not bearish either.

  • Lawrence Chan November 22, 2010 at 2:03 pm

    ORL + S1 resistance.

    But NQ is going to tag green very soon.

  • Lawrence Chan November 22, 2010 at 2:07 pm

    NQ reaction to previous day close is important for the direction of the rest of the day.

  • Lawrence Chan November 22, 2010 at 2:10 pm

    As long as NQ mid point of the day + previous day close acts as resistance, long is not safe.

  • Lawrence Chan November 22, 2010 at 2:14 pm

    No confirmed weaknesses yet.

  • Lawrence Chan November 22, 2010 at 2:21 pm

    NQ at mid point.

  • Lawrence Chan November 22, 2010 at 2:34 pm

    ES at midpoint too.

  • Lawrence Chan November 22, 2010 at 2:43 pm

    Custom tick indices say weaknesses ahead.

  • Lawrence Chan November 22, 2010 at 2:44 pm

    Price levels are telling us PP in play.

  • Lawrence Chan November 22, 2010 at 2:51 pm

    Shorts are trapped.

  • Lawrence Chan November 22, 2010 at 3:06 pm

    Spike div in tick indices again

  • Lawrence Chan November 22, 2010 at 3:25 pm

    A selloff from here 1st target is VWAP + S1.

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