I meant the past 2 months, my favorite trade is the early morning session WWF smackdown trade. I landed so many on Fesx, now currently a 10 point drop-off might not be seen for 10 days on the ES, so I simply don't trade. There hasn't really been any opportunities to short now for nearly 2 months.
Have to wait until end of 240 to see if it agrees with all the other charts. If it does, then it makes sense to sell for extended gains
1 bar in histogram confirms strength or weakness of price action. Below you can see double bottom in INDU Feb 2016. Look at what histogram shows, quick dip below centreline and up, a bullish confirmation, which I traded & posted at the time. Now SPX daily features 2 x 1 bar histo, but bearish indication. P.S. Romik TM
There still are opportunities to short, but I do understand the jist of what you are saying. I've mentioned it many times, but the cleanest moves in this market are invariably to the upside. The past 5-6 TD's have all the markings of the "bear phase", which means that spike bars to the upside are a given (from which the selling can procede at higher levels)...the net effect is that prices basically stay flat (over the time period)...heck I even saw a chart of how often this market now "pivot's" around the 12/31/15 cash close. Modern markets.
280 pts upside in 6 weeks and it's like pulling teeth to get 50 pts downside. Nothing "clean" about it either. Spikes 20-30 pts higher and then the controlled sell-off's emerge... I figured we'd see something similar to 11/3-9, but even that was optimistic. Now, we're in OpEx and the Fed has some secret meeting followed by a visit from the President.