Here is a 30 minute bar chart of the past 10 e-mini day sessions. It looks like a demand shock hit the market this morning - volume was unusually high and the first hour of trading took the e-minis straight up. If this is the correct interpretation of this morning's activity then we have already made the day session low. I am conservatively estimating the high at 930, but I think a move to 935 today is only a little less probable.
Wednesday, May 20, 2009
Probable demand shock
Here is a 30 minute bar chart of the past 10 e-mini day sessions. It looks like a demand shock hit the market this morning - volume was unusually high and the first hour of trading took the e-minis straight up. If this is the correct interpretation of this morning's activity then we have already made the day session low. I am conservatively estimating the high at 930, but I think a move to 935 today is only a little less probable.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment