HollowMn

HollowMn

Lets look at what we can expect from ES tonight and important areas to watch for reactions. Right now we have inventory leaking out from the range that we were holding from October 19th. Tonight we have 4370-4350 an area where we can see good mount of short covering to support us tonight and if holds a good area for responsive longs, sellers are over 4400-4420 and...

HollowMn Updated 

ON session was used by size traders to unload the supply taken in on the way down yesterday, we have been balancing between our 4470 - 4440 zones because we have buyers(trapped shorts) below that and trapped longs(sellers) above that. Today we should see further liquidation off the open using the ON low as reference and the levels. On the down side we have 4420 -...

HollowMn Updated 

ON Inventory is long and been over vwap all night. we have jobless claims coming which sometimes is used to run stops so dont recommend trading until the market opens up and provides some MGI ( Market generates information ) Are we going to get a correction before the open and then higher at the open or will we get a correction after the open and head lower. We...

HollowMn

What can we see in globex tonight? More selling maybe? We have so much supply trapped over 4590 and so many hungry shorts under us waiting to cover!! I think we need to let them breath and get some fills right? Lets see if we can take it lower to feed some shorts. Levels to watch 4550 - 4520 - 4500 and 4570 - 4590 and 4614 to the upside if that happens. Keep an...

HollowMn

ON Session we saw more selling until we got close to our 4520 level which is a big one if broken and we expected buyers to be there. We did find buyers there and all of the supply was absorbed. We hit double bottom on 30 which is a good sign NOT to short but go long instead because selling is complete for time being. Position in hand and we took it up to test...

HollowMn Updated 

ON Inventory 100% short from Friday close, we are currently being held up and position is being put together. Will want to see a correction at the open or before to sell this and then see if we will keep going lower or will we have all the supply to take this thing higher? Big levels to watch on the downside are 4572 - 4546 - 4522. We are under T+2 Close if we...

HollowMn

Globex right of the open inventory was long and we found a seller, sold lower until we found buyers AKA trapped shorts under the 4640 level, longs started building a position there once price stabilized, which was then taken and sold higher but since it was a low volume holiday we didn't have enough gas to take out the stops from overnight high. Tonight and...

HollowMn Updated 

Found a bid at 4607 balance level, supply is in hand and on the move where are we going to sell it?

HollowMn

Jan-10 to Jan 14 Overview and Idea for Monday Jan 17