iBankCoin
I turn dials and fiddle with knobs to hone in on harmonic rotations
Joined Oct 26, 2011
3,376 Blog Posts

Stow Your Space Helmet Under Your Chair

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

6 comments

  1. stockcats

    As a humble cat that prefers the simple things in life, I’m watching the SPX / SPY 50-day simple moving average. We need to break over that (not just a poke) and take it out before I put on the space helmet. Have a great weekend.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
    • Raul3

      Lots of good guys looking to go and do likewise

      I’d imagine its near my level by how it’s behaving. Tomato potato ya know?

      • 0
      • 0
      • 0 Deem this to be "Fake News"
  2. Matanzas

    nice legs on $ANGI

    • 0
    • 0
    • 0 Deem this to be "Fake News"
    • Raul3

      Every ANGI I know has nice legs, why should $ANGI be any different? Seriously, why should it?

      • 0
      • 0
      • 0 Deem this to be "Fake News"
  3. 5555

    isn’t it quite bearish that the futures sold off quite severely from the nfp pop. pretty good number for bulls imo. but without europe we’d probably be deep in the red. also we can’t seem to break the 50 day (knocked on the door quite a number of times)

    if we were to close here @ 1625 / 1619 es what are your thoughts on the next couple weeks

    • 0
    • 0
    • 0 Deem this to be "Fake News"
    • Raul3

      Brother good numbers are bad until they aren’t in this crazy mixed up world. Oh yeah

      • 0
      • 0
      • 0 Deem this to be "Fake News"