Welcome to the bull's hideout! Bears be careful. I'd rather wait and see if the level is broken and become resistance before shorting.
the CL is getting ready to roll back over to 39ish huge numbers just went through on the sell side. Lets see if the es follows suit this morning the lag and correlation worked out wonderfully!
A Wyckoff spring (failed downside breakout) at the opening range low (around 10:35 EST) implies a retest of opening range high.
i think some of u are lil to technical and need to relax and manage risk. all these studies are estimates and in the grand scheme of things dont really mean much... watch the price action u will see buyers and sellers. Also use the KISS method. you would be surprised at how well it works..
Yes, thus the need to invalidate that before noon Edit: The spring's volume is too weak too. So I am neutral at the moment. As I said, by 1 pm the mkt will give us the answer, no need to rush in on either side
Thanks to Pek's dragon pattern, where the double top at 93-94, failed at 90, giving us a safe short entry at 95-96 to play watch and wait.
I rather value the tech input here tremendously. That's why I follow it. For the price action and KISS method I don't need to be here ... The tech calls made by some of you here has been extremely good. No KISS method would have given you a more disciplined way of trading the ES. So keep it coming is my point of view.