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hungry_hippo
Dec 2, 2019 7:12 PM

ES1 Update 

E-mini S&P 500 FuturesCME

Description

Futures went oversold on MFI and RSI, so we get the expected bounce, probably back to 2130, not sure what happens after that.

If we're doing a sideways whipsaw here, it's certainly bigger than I expected, but hey, I can't predict the news...

Comment

Oops, 3130.... typo
Comments
hungry_hippo
The funny thing is that the end results was the same but I got the direction of the bump wrong. Oh well.

In any case, futures are pumping, up 8 points. We'll see if the Euros add to the pump or dump it. Amazes me that the market is totally ignoring the tariffs coming up, or maybe they;re expecting China to capitulate.

In any case, jobs numbers ta 8:30 tomorrow morning. If the futures aren;t pumptarded by then, they will be when the numbers come out.
SpotGammaModel
We're sensing retest of 3150 are too given the concentration of options there.
hungry_hippo
@SpotGammaModel, minimum of 3130, but yeah, we could see a retest of the top. Seems like the indices always double top before tanking.
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