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I don't think indextrader views you or I as a trespasser ....there's nothing wrong with posting a trade idea once in a while. I don't come to this thread that often but I suspect you won't be blacklisted
Same thing happened in ES. In fact, within 10 seconds after the precise 4pm EST cash close, there were huge 'buys' placed on ES, meaning, very likely the next level of shorts getting stopped out. (I monitor the GOM ladder for ES). And, the total number of 16K+ buyers on the 4:05 close bar is the single biggest of the day on a 5-min ES 09-12 chart (second biggest buy/stop out run was 7.7K buyers) IMO, a suckers rally and stop sweep for the day - I'd not seen 'genuine' or real buying, only those forced.
Word is that stops are up to at least 1321 (which is the 50% of yesterday's decline)
The attached chart shows yesterday's area of consolidation in the afternoon, with the selling pressure really starting around 61. While 57 may be the pivot Boomer, and while some traders may pay attention to it, it's just another number, and 57 was mostly in "no man's land." Put another way, given the attached chart, if you were selling, where would you do so? Anything can happen, but where are serious sellers more likely to actually step in (whether they are closing longs, or initiating new shorts)? It could have gone higher (though not likely given time of day), or it could have reversed from 56, but we're talking about likely targets. As I said, I do not trade the Russell any more and I'm much better friends with the ES, but markets are markets, and often looking to the left yields the simplest and most appropriate answer.