Are you talking about the big one on the 1 year chart ? Anyone else watching the long term chart as we build right shoulders on dow and spx ? Nearly every time in the past, a long into FED day was sure money. I say this time will be different. I think we see 1490 cash and maybe lower. :eek:
I have this secret little strategy...i look at my chart as it paints the candles up and down....so when up i buy contracts...when down sell contracts...when sideways wait for the re-fueling to end and more up or down then I enter again....please don't tell anyone this secret system....this is for intraday eminis....shhhh
dollar bear positions exited.. almost all dollar bear positions ran into profit intervals. clean slate for tommorrow. dispersion trade in ES roundtripped. good luck to everyone... sure they can run it up... sure they can run it down... the picture is being painted of a run up more so then a run down..I anticipate 1535-38 in ESZ7. the backdrop sentiment is not there, for a positive tone in the market, though prices are moving up, my gut is preventing me from taking a overtly bullish tone. Next summer the market has a chance to escape the macro backdrop. it seems world economies are running on fumes..the last hooray.. a shift in the political landscape will bring some fresh air into the market, we are tired of wars and thieves sitting on thrones.
this simple moving average system faring better the 99.9% of the traders in capturing huge price intervals between signals.
closing out longs in nq,es ym and er2 here... es just printed 1524 taking my profits and calling it a night. I left an order in to short at 1528 with a 3 pt stop just in case they take it up there....