New nominal low in the ES suspect #eMini

17 Aug

New nominal low in the ES suspect #eMini

Posted in Intraday Analysis by Bob English at 12:16:16 Comments are off

12:17 pm EDT: The low of the day was exceeded by one tick and price quickly reversed to the upside, which is the first condition of a bear trap. If the ES can get over 985.00 on volume (2nd condition), we could see a pretty strong short covering rally, especially if it happens during midday here. We will likely sit out until 977 or 985 is broken.

eMini Update for April 14, 2011 (Apr 14, 2011)
TPR to return shortly. (Apr 14, 2011)
[IL]liquidity Alert (Feb 24, 2011)
#eMini Liquidity Alert (Jun 29, 2010)
#eMini & Leaders (Jun 17, 2010)

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New nominal low in the ES suspect #eMini

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