ES price recovering at this time to the upside but there were plenty shorting opportunities since last night.
There was some weakness during the extended section now let's see if this continues downward after the open...
Trading is similar to chess. You need to think ahead and anticipate. Map out multiple scenarios. Don't place too much importance on one single bar. If it's a big up day; should that up day be interpreted as strength/trend reversal or is that up day part of the ongoing down cycle? Day trading is the same. People see a big bar up or down and all they can see is up/down. They don't see the entire day ahead.
I will watch the extended section to see if price reach the 2620 level (support area) of if there is a retracement for any new shorting opportunities. Let´s wait and see...
You can increase your view of the market (and your opportunities) by adjusting your MACD settings and when ready adding stochastics. This is a good thread to get you started. It does devolve a bit, nevertheless it's an introduction to some concepts. https://www.elitetrader.com/et/thre...-stochastics-helpers-for-123-and-ftts.113044/