Range day so far. Price does not want to stray too far away
from Daily VWAP on TF (701.60)...also Daily Volume Profile POC @ 700.70.
Cummulative TICK see-sawing from high to low extremes (above & below +/-800).
Thin liquidity on 1st day of Dec '11 contract for TF...don't feel compelled to
trade yet.
TF "stuck" in between "means" of reg. channels
on 4 hr: http://screencast.com/t/7zJIbTc1tGK
Bull flags, basically, on 4hr charts of YM, ES, NQ & TF. So far, U.S.
200sma
has crossed below 50sma on 60min intraday charts of Dow, Major Market Index,
Nasdaq Comp, Nasdaq 100, S&P 100, S&P 500 & Rut...will see if it
stays below or not over the next day or so.
Daily Volume Profile POC has moved
up to 704.40 on TF...MMs trying to hold price above 705.00 (resistance from
pre-market & since the open).
Guess we're in for higher gasoline prices...
Just
saw the 2 week weather forecast for my area...looks a lot more interesting than
my charts this a.m...will call it a day...good luck to anyone trading today.
