posted 8.52a.m. est from pre-open comment Friday 1st May >>Re a day following a day of Aggressive Significant Selling (red at bottom). 70% of the time the previous day’s low is broken during the day session. That would put ES below the major level at 872 which is also First level support/resistance. Obviously I would […]
Archives for May 2009
Commitments of Traders Data released 1st May 2009
Commitments of Traders data released today shows: SP500 Commercials slightly increased their Net Short position from -81,388 contracts to -83,921 contracts. Their Sentiment Index fell from 25.1% to 24.2% That means that as of last Tuesday they became a little more bearish than the previous week. The Smart Money is still fading this rally.
SP500 emini pre-open Friday 1st May
posted 09.29a.m. est Pre-open Thursday 30th April >>ES has broken above the 872 level which has capped it three times. An acceleration up was expected based on recent price action. The next few days will answer important questions about this rally…. Will ES hold above 872 as it did above 830 and prove this rally […]