es short term 10-5-10


  • 2
  • BruceM
  • 5-Oct-2010 at 9:04 AM
  • Rep: 216k
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biggest thing to watch is if volume comes in above YD RTH high trspping shorts...otherwise they will drift it back to the 41.50 magnet.....


above is 46.75 and that old micro gap at 49.75...we are still


connsolidating...I'd be surprised if 41.50 doesn't print in RTH today

Report at 10 am...good volume at 39 area so the 39 - 41.50 will be key support and O/N air pocket there
  • 1
  • BruceM
  • 5-Oct-2010 at 8:16 PM
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93% up volume....find a way to get short....sell , sell , sell.....
  • 1
  • DavidS
  • 5-Oct-2010 at 9:48 PM
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read yesterday short interest at record highs in ES futures. If true, who can move that in the opposite direction? Was there some huge psych shift except for fear if short in the AM? I would think mainly covering in AM. Wasn't exactly running away, but nothing negative til 3:30 today. Open wasn't a reinforcer for shorts with 44 holding.
Originally posted by DavidS

read yesterday short interest at record highs in ES futures...

David can you expand on that? I don't understand how short interest is measured in this case because for every open short position there's an open long position...
  • 0
  • DavidS
  • 5-Oct-2010 at 10:32 PM
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Read something about 11Billion in short interest and that it was higher than before May drop. I just scanned through it.
  • 0
  • DavidS
  • 5-Oct-2010 at 10:42 PM
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I think it said there was only 8.8 billion then and some other market high.
  • 1
  • BruceM
  • 5-Oct-2010 at 10:50 PM
  • Rep: 216k
  • Posts: 19.9k
new 10 and 20 day highs in S&P and advancers over decliners somewhere close to 6 to 1.....huge closing $tick...doesn't seem that there can be much power left for a big move tomorrow UP...


keys for me are 56.50, 51.50 and 46.50....a run above highs will try for the 61 - 63 area but not expecting that...hopefully just a slow drift down..
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