Out 2469.50 for 6 pt gain----not seeing the follow thru I need to see on the upmove yet. Headed out for 18---leaving the swing position on.
15 Min IHS vs 5 Min H&S working against one another here ... dueling banjos! Larger TFs typically come out on top... in observation mode currently... whipsaw Vol has dissipated .... might be time to do the Houdini!
...and quite the base being carved, should get pop to that left neckline clear up at 2700 today/tonight..
The post above was made on the 25th of February. After that day - we've had 7 days exceeding that with the largest being 218,25 points last Friday. For the last 15 days we have an average RTH range of 135 ES points and an average daily (absolute) change of 4,97 %. I'm sure I'm not the only one who's starting to feel that 100 + point ranges are completely normal. I'm curious how long this volatility will last, though?
Maybe.. but as of right now it looks like we have a swing Lo in place, tbh... the key is not to have a strong bias either way... trade what you see and go with it!