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Here the chart of this extraordinary move which took out many (buy) stops of course on the upside.
A very strong volume and a extreme spike in the first five minutes made it not easy to even follow.
My point of view: there will be more such "experiments" like this - so it is best to have hard stops or stay at
the sideline when important political decisions are ahead or some big players are boxing small traders out.
..because of the rally (215 points intraday) on Friday.
Price needs to find new acceptance in this thin area - but obviously some more bullish moves
are ahead.
Start into this week with good volume. Looking forward on Wednesday.
Depending on some quick news a new Wiener Walzer might come up.
Difficult market to trade, but hey this is what ES has been several years in a row while keep pushing ATHs on little to no volume. Important is not to call tops just because volume is low. It will go on negative volume. Just because Masters of the Universe said so..