Today’s range is probably already in. This bull flag looks good to buy, but I’d be surprised if it had enough legs to continue more than 10-20 points above this level
too much work. Just look at a 5 min chart. It’s clear as day. I’m in a car dealer getting work done on my car at the moment
Bull flags occur during upmoves. The 5 minute chart is in sideways action right now. I see what you are seeing, but I don't think it's significant. Can there be further bounce?---Yes, but staying short right now.
RTY Daily EMA 2028.67 Almost touch and couldn't get above. ES/NQ Daily still pretty far away. 4428 ES and NQ 14444.50 is Daily EMA. Pretty good moves overnight. Caught some shorts and longs after the open. Had to take losses on a few of the shorts, but some worked out as well, moves holding more decently than I want. Longing was path of least resistance up to this point though for sure intra-day. Still larger term macro view pretty lackluster move from the Daily perspective specifically on ES/NQ. RTY only one showing decent signs of life. Same thing for me though, looking lower until at least one market trades and/or candle closes above minimal benchmark.