Indexes and coffee6.26.23 This video Is about the indexes and my belief that they're going to move lower. I was looking at the ES and the Russell. I believe they are short trades but we're a little late and we should have done this before the weekend yet I believe they're going to trade lower. the other market is the coffee market and I think that it just gave A signal that you could go along with a small stop..... I do not trade this market, my students trade It and I am addressing Questions asked if I wanted my students. I didn't have the time to express what I'm going to tell you now with regard to the coffee market: I believe it's a good enough entry that it will probably trade higher and that you will have a minimal drawdown and that it will not likely hit a Small stop. I told you that I believe it could retest the breakout below the range box and that might take a day or two or more if it gets there. So if you can get in to a trade with a small stop and it moves a thousand bucks or so without stopping you out... I considered a decent entry.... but I don't really think of it as a market that's going to make new highs or even move more deeply into the range box above.... it might but I need to see the price action first. If I can take a train with a small stop and I think the market is likely to move $1,000 higher or so without hitting the small stop... it's a reasonable scalp and it's okay..... but this isn't the kind of trade where I think it'll go up Thousands and thousands of dollars it's not that kind of market until there's evidence of stronger Influence of the buyers you just don't see it yet.
