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weird day for nasdaq today. quite a volatile session, bigger sell subject on nq made it to fall down against public. deep buyers stop orders used as predictible liquidity for closing sell markets
this short was based on market depth liquidity overturn - 4 contract only, because the environment today is not what i am used to trade in..
Can you help answer these questions from other members on NexusFi?
Not a good day for me that's for sure. I am not sure if the market is responding to the health care bill or if professionals got short after the report and were forced to short cover. But, strange market indeed.
yes, sometimes nasdaq has its own head and goes its way no matter what..
this is the market depth that can give you an idea were a bigger selling subject is building possitions with limit sell side, they also used smart htf sell market orders, not big sell market do distract price - this was quite a clever subjectyeah, to join him was quite difficult
The ES made for a good short opportunity around 10:15 am. In what seemed like an opening drive turned rejection reversal at the 2447 level. Price drove pretty hard to the upside off the open, then as it approached its lower historical volume areas and began creating a tail, it was just a matter of getting confirmation that longer time frame sellers were entering the market. Before the eventual decline back to the 2435 level. Which took place in approximately less than an hour. That's pretty much what I look for every day. A rejection of a level on the tail end of the distribution. Simple but IMHO very effective.
