Good news/Bad news (for us day traders/scalpers). Bad News: the "buy,buy,buy" algo is back and in full effect. Good News: we know how to trade it. Bulls have reached their 2730 target and then some. Wouldn't be surprised to see some profit taking today. In the bigger picture, their next target is 2820 and there is no real resistance in the way.
Hey, I like the resistance and support lines with the trend. I know what s&P 500 e-mini is, but in what way are they futures. they have an expiration date similar to sugar futures etc?
AMPlifiedtrader
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@granitehandchinkys, the expiration date is basically irrelevant. ES has quarterly expirations. No one really hold positions for expiring purposes.
granitehandchinkys
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@AMPlifiedtrader, ye ok, but what is the difference between this and the s&P 500 e-mini ? trading hours?
AMPlifiedtrader
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@granitehandchinkys, this is the e-mini. opend sun night 5pm cst - fri night 4pm cst with breaks each day 315-330 and 4-5 pm cst