We thoroughly auctioned 1624 during the Employment Data drop, with algos tearing a rift in the market one nanosecond at a time. One day watch these announcements through the filter of a 2500 contract or 3 tick range bar and get a feel for HFT. It’s like a ballet.
Anyhow, the level was “auctioned” and we had the classic first move fake out, followed by the takeout, followed by the real move, which was decidedly lower…20 handles off the high. Now the ES_F is more or less churning and the afternoon may offer some directional moves, but you’re of better service to your clients or your own money laying off this tape.
I don’t know, eat a hot dog or two.
The only moves I’m considering are selling O, which would need to weaken further, or selling YGE, which would need to strengthen, further.
Otherwise I’m enjoying the view, talking a bit of smack on the twitter hater network, and consuming baked beans straight from the crock pot. Like a good god damn.
I suggest you stow your space helmet, but keep it nearby in case of an impromptu launch, pinning us north of 1624 on the close.If you enjoy the content at iBankCoin, please follow us on Twitter