US Market 2010-11-23

By News Robot
    ESNQ
    AH High1198.002154.50
    AH Mid1190.252142.63
    AH Low1182.502130.75

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Comments
  • Lawrence Chan November 23, 2010 at 11:29 am

    Stop run now.

  • Lawrence Chan November 23, 2010 at 11:32 am

    NDX down 2%

  • Lawrence Chan November 23, 2010 at 11:36 am

    New low in 11 am slot.

  • Lawrence Chan November 23, 2010 at 11:46 am

    75 is 50% absolute expansion of previous day range and it is also 10 pts from day high.

    Giving reasons for some shorts to cover their positions.

  • Lawrence Chan November 23, 2010 at 11:53 am

    NQ gap fill will be completed when it flush below 2100. That’s about 10 pts.

    This backdrop will make any long from here difficult.

  • miniflowtrader November 23, 2010 at 12:11 pm

    Looks like someone just raided the price ladder on ES. Pretty decent block before the move.

  • Lawrence Chan November 23, 2010 at 12:12 pm

    A squeeze on late shorts – target VWAP + midpoint tagged.

    Walked away for 10 minutes and this.

  • Lawrence Chan November 23, 2010 at 12:13 pm

    Similar to yesterday once ES re-enter OR and that ORL acted as support, it will run for the ORH.

    On its way, there is previous day low that may stop it.

  • Lawrence Chan November 23, 2010 at 12:47 pm

    Retest of ORL holding up to the tick.

  • Lawrence Chan November 23, 2010 at 12:57 pm

    Strong trend sell formation is now broken as mid point of day failed to hold the price down.

  • Lawrence Chan November 23, 2010 at 1:17 pm

    One aspect of trend sell days is that the hourly highs are honoured.

    So far it is still true.

  • Lawrence Chan November 23, 2010 at 1:19 pm

    The ridiculous buying by small sized orders showing again.

  • Lawrence Chan November 23, 2010 at 1:22 pm

    If buy program does not kick in on time, another selloff likely.

  • miniflowtrader November 23, 2010 at 1:25 pm

    DX downside breakout looking to be potentially false with 1-2-3 on 5m in play. We have meeting minutes at 2PM EST. Market will probably stall until then.

  • Lawrence Chan November 23, 2010 at 1:26 pm

    Show time.

    Hold here at VWAP + midpoint => day high in play.

    Break from here => new low for the day before close.

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