Monday, September 7, 2015

September 7 (closed trading day)

/ES_F is up by 0.52%


9:43 Mostly influenced by the European trading session. Consolidating right above the Friday's resistance (1929), potentially a strong setup.

11:19 A pop off consolidation, 1940 is the first range point


12:44 A down-test and a pop. Given the fact that a test down and a rebound only took 5 minutes, I consider it to be meaningless. Instead, I think there are some big bids underneath the 1929 support.



The remainder of this long pre-market session, price never got below 1929 after the occurrence at 12:44 - in fact, that was the best buying opportunity before a huge +2% ramp up:



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