this sideways action smells like distribution, could be wrong as always, trans holding at res line,trin neutral
We are on top of uptrend channel. If I constructed it properly we can not go over about 1104. Bottom of channel is about 1070 now Longs are very dangerous now. Breaking top of channel twice isvery, very rare thing. There will be one bigger down day Monday or Tuesday and we were still in breakup.
Hm, about safer longs in ES... you are not shorting it correctly. I am looking for swing long right now but will do it somewhere about or bellow 80. Very probaly I am not missing any train. And I will short go go there, I believe good chance will be Monday 20 minutes after begin RTH