LONG.... b/c its ES Minor pullback before testing the previous intraday high, and looks like it has the legs to go ahead and go for a test of the prior close.
It did in fact trade higher over the next five bars, after a few ticks lower as you predicted. Nice call. http://www.ttrader.com/mycharts/display.php?p=41604&u=wareco&a=Wareco's Chart Reading&id=1774
OK people, next chart. Does this puppy continue to the downside, or do we get a retrace? Should you go long, short, or flat for the next 5 bars, and give your reasoning. http://www.ttrader.com/mycharts/display.php?p=41605&u=wareco&a=Wareco's Chart Reading&id=1774
A move up over the next bar or so and then a move down. The reasoning is because that is how I would trade it if I had to.
even though I'd like to see more time and indicators on the charts, I like the thread you started, how would you like to make these some real trades and make some money off them, if you don't mind i'll put up a few charts of amln a stock I traded recently and the options moved great , it has pulled back and i'm looking at it again, heres a 60 day 60 minute and a 1 year, would you trade it http://i18.tinypic.com/2uo2tmf.gif http://i18.tinypic.com/2rxcupx.gif http://i5.tinypic.com/2vj7u3s.gif i'll start this in a different thread if don't want do this
Just took a look at amln. Looks real nice for a conservative entry for a move up to retest the 42 area and possibly a move up to 44.80 The only nuance is that it is coming off a DT. Entry would have been better at 38 on the retest but it still looks good to me.