ES Expected to retrace downward following the down Trend Line. Any Swing high to upper trend line , It is worth to observe and have Short Setup according Self-Set Rule.
Note
ES back to upper down trend line. Time to watch for short signal to come.Do not short until market is giving signal to short in small time frame like 5min or 15min and break their respective small up trend line
Note
Obviously Short Signal Do not Appear in 5min and 15min in the US trading Hour, so this Short Setup is not trigger. Market is Bull all the way with Trin below 1 (in range 0.8) and VIX is decreasing and Tick also remain in positive zone most of the time during the US Hour.This indicate the market sentiment is toward bullish side and trade should follow the up trend.
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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.