If you want a prove that the ES is all about short squeezing without reliable price action, then look at 10pm, a double top at resistance, and then a nice U-turn. After the U-turn it closed on all time frames below resistance (which means resistance held), just to jump up higher right afterwards. Usually you want to see followthrough before you trust resistnace to have held, but a big jump up right after close below is ridiculuos. I am currently looking for reasons to go long only. Yes there might be good shorts, but the odds speak against it currently.
Anyone trade last night's 6 pm opening ? It was a thing of beauty.....a test of the 2910 level and then straight up for 90 minutes without even one PB.
to all the locals posting here: you guys are phenomenal - providing much needed comic relief during the lock down cheers
Care to explain who, what, why snowman80? Probably I am too unexperienced to appreciate the comical content here but always willing to learn.
Excellent catch. We just filled a long term gap at 2970,50, so might be pulling back a bit now, but looks strong from here.
Fed giving me a nice day! Expecting trouble at around 75ish for a turn down, but can't imagine them letting it drop much Just holding long, waiting for a drop to add too it Good luck all