There was never a long signal yesterday, only several short signals. Many people get blocked in their mind once they think they know where the market will go. Even if they get stopped out, they continue to follow their initial thought. Ending the day with permanent attempt to go long in a market that went down all day. Instead of wondering why they got stopped out and reevaluate the situation. Markets are dynamical, so people should do"dynamical thinking", not "static thinking".
So in a dynamic mkt, how does a falling market reverse course and start going north? All those buyers are simply fools?. There were quite a few long signals if only you knew how to spot.
Yesterday the market went straight down 85 points in the ES before going up. I traded that short and took the long later. No difficulties to find signals. The long only started late in the afternoon. The trend from 8:30 till 15:30 was clearly not long.
Yeah. And today is basically the same thing but in the other direction. That being said I think we are close to a point now where you can consider putting shorts back on for a bigger swing down - but as always wait for the charts to tell you such.
Closed out all positions with profits, leave small ES for swing. NQ is probably going to hit 15k and 44k for ES this week or by next Monday but I don't know what to trade now.
L NQ 975, hoping hit 15k target tomorrow am. Let me see how Asia session is doing before place ES trade, probably 5-8 points.