Sell OFF
SELL OFF on ES E-mini
This chart are maid on 120 minutes, to show you something in volume. We got one of the biggest spike of volume controlled by sellers. We din’t have this quantity of volume since end of November And We din’t even make a clear Break Out on daily chart. And the most interesting thing, in few hours after, we finally pass 1511.00 resistance with so low volume.
Right now we are in consolidation, Probably buyers asking them self, what they just did…
Look like US Index are exiting to watch but not to trade on day or weekly trading. I recommend to wait till we have a nice correction before get in the market, and then move over 1600 points. Look like this will take for ever, or at least for next 2 or 3 weeks till we start to talk about Fiscal Cliff again…and who know, they may move this problem for next 2 months again…
I will watching S&P500 Index and trade (scalping) ES. but, for day/weekly trading, Europe are much more exiting now.
