Well the grind down continues, Es has slowly been grinding down while giving some nice relief pops off of some measured moves of our Daytrader indicator on the bottom right giving traders a chance to join in the trend.
With no major news tomorrow I anticipate another move down to the next gap range on the top right chart and will be watching the yellow lines I have on the left chart that shows the last untouched retracement ranges from previous sessions.
I am not calling bottom there but I will be watching for a possible reaction to start scaling into longs if the opportunity presents itself, but with little catalyst I will not be slamming the buy button. We also have the contract change next week so we might not see anything exciting until after we transition to the next contract and the dust settles.
Trade well and take profit early, this market is giving lots of opportunities for short term trades that can come against you quickly!
With no major news tomorrow I anticipate another move down to the next gap range on the top right chart and will be watching the yellow lines I have on the left chart that shows the last untouched retracement ranges from previous sessions.
I am not calling bottom there but I will be watching for a possible reaction to start scaling into longs if the opportunity presents itself, but with little catalyst I will not be slamming the buy button. We also have the contract change next week so we might not see anything exciting until after we transition to the next contract and the dust settles.
Trade well and take profit early, this market is giving lots of opportunities for short term trades that can come against you quickly!
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.