just google diamond pattern and connect the trend lines. U never know which way its gonna break out. But once it does, the breakout is the most reliable pattern in ES
I think the week's first 100 points move is coming out of this zone. I'm leaning towards down, but it may very well reverse higher, too.
Scratched it for a tick of profit here. Sidelining until things are more clear. May need to wait for the Open to find a direction.
Lots of things going down this week. The whales are watching. I suspect light volume across the board. Never short a dull market. Up we go, today at least. SPY 449 QQQ 358.60
FWIW, I reversed long @ 95,50, but posting trades and updating them gets tedious and I'm sure boring for the readers, too. Still looking for a bigger move out of this zone and it may very well be higher, so just trying to get in and not miss the train either way. It's possible we'll get some back-filling on the Open, but not necessarily. If this is to be an Up Week - the Low usually comes in on Monday on those.
Legs ~ 4577. I think we should hold the current LOD for the bullish day to materialize. Let's see now.
Someone sold the top of that TL. Last week's midrange here @ 4494. Still leaning long here, but I wonder if dropping below the LOD here could initiate a bigger sell. Trying a small long from 91.