Lets see if this attempt by bulls works. Markert still weak. If it fails i am shorting again. I am watching both Nq and es but just trading es this morn.
One would think on the 6th visit ,it may have a chance to hold. If not, it would not be real good for bull's case.
we got two bull bars (5m) in the es and a pb to the 89 sma. Same in the nq. Just waiting to see if the wedge bottoms fails and bear trend resumes. If it does i'll take a chance and short as we may get two more legs down from pb.
This stop is too close for the action today. I'll keep it though and re-evaluate if stopped out. We're at 2337 now.