popped just enough to squeeze out some short covering and its just sitting there filling covering contracts
yeah if the resistance holds as support its a trap, if it gets back into the middle of that lower area probably going lower.
I couldnt resist most likely a stupid trade, but i bought the ES here, just very, very small 1 lot playing with the houses profits from earlier trade.
If we clear 1987 we are going through 2000, this trade is free for me, ill stop out if we take out that support level at 1977 for a couple ticks, but probably add if we break 1987.
For anyone whose short this is incredibly bullish price action, market going up like a stair case, and only going sideways instead of pulling back, looks like price action you would see when shorts are trapped IMO. There is a floor right now below all the bids, from all the people who are short today, so it cant go down.
nice buy in there..I was so much looking for a short opp that I missed the move up entry cutting back and forth till they hand enough shorts and then took it up