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On Tuesday, April 24, NY session opened @ 1362.75 and ES went up from there
(1) 9:35AM - 10:15AM NY Opening Hour Move
Market develops its trend or bias for the day -- the move was up (7pt)
And then around 10:10AM it initiated its Morning Move
(2) 10:15AM - 10:45AM Morning Move
– expect a counter-trend move of some sort in the first 45 to 60 minutes of the day’s trend or bias, if there is one. -- the move was down (3pt)
(3) 12:45PM - 2:00PM Post-Lunch Move --the move started @13:00 (up 2pt)
– expect a resumption of the overall day’s trend (or upward or downward bias of the day) if:
1)the overall trend is UP and the market is trading DOWN
(4) 2:00PM - 3:00PM Afternoon move --the move started @13:55 (4pt)
– expect:
2)A counter-trend move of the day’s trend if the market is testing the high or low of the day.
(5) 3:00PM - 3:30PM Delayed Afternoon move --the move started bit early @14:30 (up 5pt)
– the 2:00pm move will help dictate what may happen at 3:00pm,
expect:
2)A resumption of the day’s trend if a counter-trend move occurs around 2:00pm and the market is trading down off of the high of the day
I just want to tell all visitors here that I'm still long from 1400.5.
And, I think there is a good possibility to revisit the 1425 soon -- so I'll be on guard for a second pop above that level. Who knows, maybe this will be the spike I'm waiting for (so long)
D
(1) When NY session opened the ES initiated its NY Opening Hour Move (Market develops its trend or bias for the day). The move was down for the total of 5 pt. -- The bias is down.
(2) Then at 10:15 the Morning Move (--expect a counter-trend move of some sort in the first 45 to 60 minutes of the day’s trend or bias, if there is one.) The move was up 7pt.
(3) 12:45PM - 2:00PM The Post Lunch Move (– expect a resumption of the overall day’s trend or bias of the day)
The move started bit late @ 13:28 and change in price was nearly 3pt.
(4) 2:00PM - 3:00PM Afternoon move. The move also started bit late @ 14:18 (2pt)
(-- expect: A counter-trend move of the day’s trend if the market is testing the high or low of the day.
(5) 3:00PM - 3:30PM Delayed Afternoon Move. The move started almost to the minute @ 14:58 (4pt)
(-- expect: A resumption of the day’s trend if a counter-trend move occurs around 2:00pm)
(1) It was a bit choppy first 30 minutes of the NY session but as we can see the bias was down.
(2) Then at 10:02, as expected, the Morning Move was initiated (--expect a counter-trend move of some sort in the first 45 to 60 minutes of the day’s trend or bias, if there is one.) The move was up almost 10pts.