ES Wednesday 1-7-15


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  • BruceM
  • 6-Jan-2015 at 9:19 PM
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here's how I marked up my chart....Blue lines are Va Highs and lows....will confirm in the morning with Overnight action...FOMC today
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UPDATE :here is how the overnight has played out against our zones.....two greenies on the chart and they will print at least one today ...so Greenies/Volume at 1994.50- 96 and also at 2014- 2015....sure seems like the 2008.50 - 2010 will the deciding factor as to which one will print today....also watch that 2002.50- 2004 as that was a key line and On midpoint rests there as I type


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  • NewKid
  • 7-Jan-2015 at 2:15 PM
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why so quiet? are people still reading the minutes? there usually is already a reaction, isint there?
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  • BruceM
  • 7-Jan-2015 at 2:44 PM
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yeah...that sure was muted...perhaps they are waiting to see how bonds go off !!
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  • NewKid
  • 7-Jan-2015 at 2:52 PM
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Bruce, i see people talk a lot about looking at the bonds, the yen, the dollar, oil, etc while trading the ES. I personally find it very overwhelming. Do you look at other factors?
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  • BruceM
  • 7-Jan-2015 at 7:13 PM
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the short answer is ...." NO "........but I guess for a longer term trader it might work.........the first 90 minutes there are so many internals that are distorted that it doesn't really pay to watch them IMHO...your mileage may vary !
Originally posted by NewKid

Bruce, i see people talk a lot about looking at the bonds, the yen, the dollar, oil, etc while trading the ES. I personally find it very overwhelming. Do you look at other factors?
  • 1
  • BruceM
  • 7-Jan-2015 at 8:42 PM
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wow...a pop up to 2035 as I type........just who are these people trading at this time ????? are they going for that 37 - 39 area without us day traders on board?
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  • NewKid
  • 7-Jan-2015 at 8:56 PM
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Yup, they sure got that area real fast. I guess that was all the pent up frustration from lack of action post fomc!
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