Good Morning Wide Tailz, That is how the game goes buddy. If you want to get rich in the ES futures market, you have to be ready to die for it. You can not get rich in trading, if you not ready to die and lose your entire family and life. That is the price of being an ES Trader Master. If you can not bet your life on trading to be rich quickly, then you will never ever be rich in trading. That is why I am an ES Trading Master, cause I am willing to die and lose every penny I have to be rich in this trading business.
That's the thing I am very experienced with this market. You might think I'm new, but I'm not. Trust me, this market has NO ABILITY to do any bearish thing aside from a day here and there. Maybe 1 weekly red candle every now and then, but it always will get the V. You can't even come up with a thesis how it ever changes. And any fundamental argument won't work. If you watch the market and the price action, you will see how the game has changed in recent years. Again, we don't get those slow bleed days or really any type of bear flag anymore. It always wants to V. Any time it's down, it's unsustainable. We had those 3 weeks in July which took a near miracle and it just led to a rapid V. You will get a 1-2% down day maybe a handful of times a year, but when that day ends the V is about to begin. In fact buying when it's down is practically free money. I laugh because on Friday the 15th as soon as it hit 2:30 the selling magically ended. SO it shows you that it's never going to sustain itself. The market by design with all those short term options, is forced to V. And again this will never go away. SO I have no idea how we ever live to see another bear market.
So yeah, thing is green every day. When it tries to reverse, it just gets a V which forces it higher. The longer this goes on the stronger the V force is. It really is never going to stop.
I'm seeing this is true on the charts and although I cannot understand why they are behavng like that I cannot deny it - it would be like standing in the middle of a road with traffic coming towards you head-on. So my favourite strategy right now is to set a buy order at each days's High on the Nasdaq and close it at the first profitable Close.