If we slice through 1128 decisively, I am going to consider the possibility of a failed breakout - it would open the possibility of at least reversing through to 1180 (which is a mature consolidation region), if not the entire Aug to Oct (1100 to 1230) mature consolidation region.
Yes, you can see at key levels what papers are doing. For example, there are very little paper activities other than buy stops in the pit today. This makes me suspicious of the current breakout when it lacks instititutional participation.
美国全国地产经纪商协会(National Association of Realtors)的数据显示,在截至今年3月的一年中,国际购房人在美国住宅地产销售额中大约占到820亿美元,而此前一年这一数字只有660亿美元。地产数据追踪商MDA DataQuick的数据显示,今年7月外国买家在迈阿密所有房屋销量中所占比重至少达到5.5%,在凤凰城,这一比例为4.3%。
When you see a sudden surge in ES when a low or high is breached, they typically are all due to stop hunts (and these exaggerated moves tend to reverse very quickly). The pit relay often knows whether it's a buy stop vs a genuine buy. Buy stops are triggered at market prices whereas genuine buy orders are often worked into the market below the prevailing trading prices.