Higher time frames are saying SHORT, to me. Could get a big reversal candle, but that's bottom picking right now, IMO. I'm short again from 68 with a tight leash.
We have an FBO at the LOD here if we're breaking higher now. Good long set-up. NQ divergence is also helping the long side here. Stalking a long now, but not convinced quite yet.
Not sure I'd get too greedy on the long side today, though? My crystal ball says the chance of closing above 3692 are slim.
Tough here, but the way ES came up going to be tough for us to not to retrace back to 3668.00 and maybe even 3660.00. And ofc if we get that low why not back to LOD?
Market found a bid below Friday's LOD for now. It was a false breakout to the downside. The second attempt at the LOD was bid higher and put in a higher low. So now we have an IHS in place. I think we're done for today and will most likely trade back up to the mid-point and reverse lower for a close just below mid-range. Of course, higher time frames are still in control, I think. So it's not easy to say where this goes by the Close.
Yep. That reversal candle of the LOD looked mighty bullish, but doesn't seem to mean much in this market. Rallies are still sold even though the bulls looks like they're finally get some relief.