They are probably going to push this up to 1930 before the drop to new lows so we can have enough momentum to get both trapped longs and new shorts
yesterday was a good day for moving averages. No 2 days in a row tend to be similar with teh same methods working, so maybe a good day to fade moves (BAD DAY FOR MA's)? Based on that theory, trying short here to fade teh move. S 1930 STOP AT 1933
L 1922.5 (same idea sa previous trade. If yesterday was a bad day for fading moves, then today wil be a good day for fading moves? Alternating nature of market??) Stop at 1918.5
exit 2nd half @1921, +10 points ES just keeps repeating the same patterns over and over. The kicker is they just don't repeat often. If you have an eye for pattern recognition, you will see them continue to repeat and have an easier time spotting them. The key to figuring them out is watching where we are in the daily trend, and then waiting for that pattern to occur. I actually didn't even see this trade until the market was pushing up, and AJ was wondering whether it was a trend day or not, then i remembered the pattern that follows a day like yesterday. Once I saw the morning push up, it was obvious to me. Gotta love it