Here is a 30 minute bar chart of the e-mini day sessions for the past week. I think we saw a second demand shock this morning right after the open (green arrows). Note the very high volume - nearly 350 thousand contracts - the highest 30 minute volume number we have seen over the past two weeks with one exception (which was also on the buy side).I am projecting that this demand shock will ultimately carry the market up about 31 points - same as yesterday's. This would bring the e-minis to 867 - or even to 874 if you want to start the measurement from today's day session low instead of from the low of yesterday's late break.
1 comment:
not surprising--but a bogus and obvious buy based on some stupid stimulus etc..and again its an obvious selling oppurtunity next friday! take ur profits when you can. This market is totally stupid.
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