Bride of If You Can Draw A Straight Line

That thought slipped my mind.

 

10:10 Short at 68

 

Possibly. As Niko pointed out, the demand line is broken, so acc to the drill, look for a retracement for a short. However, there was a higher low, so if the short doesn't go, you're likely looking at chop.

 

Out on a loss for the second time, chop confirmed.

 

And the short doesn't go, so wait for a break of 72 for a long or a break of 67 for a short. If price can't do either, then you're still in chop.

 

10:17 Long at 74.75

 

Up move seems like movement through goo.

 

A little off topic, but something I have noticed and want to know if is something worth pursuing, at 10:17 price barely made it above the LSH, then fell on increasing volume.

Is this an early signal to get out of this newly activated long?.

 

10:20 DL broken, but shorting this would mean to go back inside the chop.

 

Not necessarily. The ES is acting as a drag, but you can't rely on the correlation. You have to decide if you're going to use the last swing low as your line in the sand or a break of the demand line.

There is of course nothing to prevent you from exiting and re-entering on renewed strength, if any.