Imagine you are ready to take action on what seems to be an object deflecting the drops and then the object disappears because someone kicked it down the road.
Predictably, you deflected my questions. You should rather take a deep look in the mirror and ask yourself why you feel the need to be condescending and lecturing towards others. To be clear, I have zero issues with people getting it wrong, but I have a big issue with people being condescending and critical towards others. When it's done by people who haven't proved they know any better themselves it's an even bigger issue. Thank you and good luck to all.
%% LOL\ mr LF,maybe i should not reply to a tape readingcomment , sure not easy; But since you asked about ES; barchart rates it a16% buy, wow that's not much in a bull market, with SPY above 50dma + 200 day moving aVerege. One trade means not much, but my SPXS related trade, usually profits a bit\ ripped me much worse slippage this week, than average. SPXS is rated 80%+ sell 100% sell med term. SH is rated 72% sell. SPY is rated 56% buy, by barchart . Say next 50,make it 55 days. [I rate SPY a buy better than 56%; but i tend to trade SH , soemtimes SPXS some, even when my ETFs longs make money...................... I would not mind losing $3,333a day[about a million per year net] in ES; as long as i could average more than that. I trade SPY+ SH and related more ES or SPXS
Lower highs on short TF, I have a tight stop. I always think, hey the people that made money on the way up have to sell to keep it.