no TLB at end of day 2016-05-31.
-> ride on.
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Thanks for the update
pascal
The buying during RTH session goes on.
No TLB.
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Thanks Peter.
Keep us posted on this evolution.
Pascal
no TLB in today's nearly unchanged RTH session.
But I looked into the asia- and EU-session separately:
Overnight in asia is mostly flat since start of the year.
Overnight during Europe session is mostly negative.
Conclusions:
1.
If one plans to go long SP500 futures, look for a potential pullback during the EU-session
2.
This is not clearly visible in the charts,
but multiple times in the last days a measured move target (based on some RTH move) was hit during the asia session - and afterwards we got the EU-pullback.
Here is an update that shows the session times I picked.
All times are in Chicago times.
I hope the reader does not feel spammed. But this is a work in progress.
My main purpose doing this, is to better understand when to hold-on to overnight runners and if & when not to.
Pascal's idea to use this for a more macro-view via monitoring a trend shift makes also sense to me (see the discussion below)
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No trend shift. RTH buying continues.
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a down day? Not so fast !
The RTH-buying continues.
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The gap down, caused in Asia and Europe , makes today look severe on a normal chart (upper panel).
On the RTH-only chart it is barely visible.
(I made the scale bigger to see the details better.)
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