It's very difficult to trade, I still don't see the long so I am going to keep shorting, covering rinse and repeat always keeping 1 runner. I am looking for 14408.25 now as min target and below that, still expecting a break down.
PA is clearly in consolidation mode atm. Still looking for a big up move either this afternoon or tomorrow, possibly a few more after that. Swing/short term bears will have to wait. When that time comes, I might give a shout if anyone from bear camp is interested lol...
Yeah, you may be right here. I am actually flipping long now. Fought this short all day, there were some pretty good pullbacks, but starting to get overbought candles and in green trend that's generally pretty bullish. If we trade below 14506.00 I'll look to exit any long I am in and that would pretty much remove any profits I have and make me negative for the day. But that's my plan.
A pop above 64 probably unlocks 4500. Maybe not today, though. We're up 1.5 % already, so that warrants some caution for late longs. Then again, we're down a lot too, so those monster days do happen once in a while.
Maybe this is too optimistic given the current political and economic climate. But it's one path I see from here.
Gap n Grind session so far.... PA missed the strike zone for long entry... not much to get excited about from the perma camp.... 4510 will be a # to watch out for & it`s reaction to being tagged should we get there.....
Just to be clear my TA interpretation above is for swing to short term traders. It doesn't imply to day traders or scalpers.
I think today's close is key. If the market doesn't print a nice green candle today with a close well above 4442 on ES I wonder if we could be heading back down. Lots of possibillities. The world's a mess at the moment and the hands of the FED seems to finally be tied, so it's possible we won't see the cleanest multi-day trends up from here.