There is still a down trend line and a possibly larger triangle on the 5-minute chart, but I would be inclined to believe that the bottom is in. If not, a short from the 62-64 area is not a bad idea if you can get some kind of confirmation on the price action EDIT: Broke out of the trend line now. May be a fake breakout. One option could be a short @ 64 with a stop and reverse @ 66. Just saying it is a possibility, that`s all
S over N. Not usually a bullish outcome. Don't get greedy with longs, just my take today. Great scalps, though.
So, who made money? I thought I posted this earlier. Brought home a few points today as well, regardless of my stressful scalp session during the open.
Sorry. Salsa is for tacos and the lumpenproletariat. I'm royalty. Ming the Merciless. My enemies call me MM for short. I do tango only, no averaging. ORLY ?
Garden-variety H&S pattern along with two proprietary price measurements suggest ES 1120 zone on further breakdown. The way algos are slicing swings thru this tape, might be just a speed bump or overnight gap-down move by the open tomorrow.