eichler - thanks, but the question was supposed to be what could be expected on those timeframes.
Currently DMI and MACD are giving a buy.
At the time the 1 min. futures broke a downtrend channel to the upside (10:27).
But the uptrend lasted 10 minutes.
The pattern could have been played for 12pts at 10:06. (1736-1748)
The indicators would have signalled the buy at 1748 and we are at a double top at 1759. (10:38)
Total upmove, high to low, lasted 38 min.
Looks like a repeat of yesterday, but 25pts higher.
But I woudn't mortgage the farm on it.
My sick mind saw the downtrend stopped on the eMini spoo with 250 contrcats, and the naz with 500 contracts.
If sold at an average of 1750, 500 contracts would have earned $2.5k, not bad if your intention is to support the market, extra profit.
Now that the futures are down again, I'll watch for a trade of 500 contracts above average.
Until cured, I will not play with tricked deck of cards. |
