Short the ES Bear Flag Break from APR11
Updated
Easy trade.
Go heavy short on this break, or position ahead of time.
ES Weekly - match up the red dotted line on both the 4HR main chart and the weekly chart I posted below.
Here is the intraday slop.
ES data is delayed on TV, but this bull flag broke to the upsdie already.
Short add targets, there is a risk this pumps to 3000 so play accordingly.
Go heavy short on this break, or position ahead of time.
ES Weekly - match up the red dotted line on both the 4HR main chart and the weekly chart I posted below.
Here is the intraday slop.
ES data is delayed on TV, but this bull flag broke to the upsdie already.
Short add targets, there is a risk this pumps to 3000 so play accordingly.
Note
If this pumps to 3000 today, just make sure you stay out of the way and roll your cost basis higher.There is no way it will work, it'll be one last drive to squeeze any remaining bears on short covering capitulation - it could really drive higher depending how many heavy sized bears give up and throw in the towel.
That is the risk - the upside risk is much lower than the downside potential, you just have to manage your risk in the next few hours like a machine!!!
Cannot let your guard down for one minute.
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.