OK Patrick leave sponge Bob alone, but we are still in 240mn BBrange and just shifted to the upper part of the outer range, still have to take out tops and the daily MACD hasn't flipped north. ITs still lookin top heavy.
an upper TL drawn from fridays thru thru thurs on a 15 min places any decline due to profit taking to about 64-65 in my book.
If I go by the 15 and 30mn (bar close price) it appears to be weak, signaling a short term top, but the later part of the day may be a surprise.
agree, this is a trade for the real short term bulls taking profit b4 next run at it of course they may not take profit here, so risky trades
I don't like being short above the 200, we are still in a full bull mode, thinking best to buy near 200 for upper end retests. unless there is a signal short, I'm long. I can always reverse.
we are restesting 200 on 1 min ES right now right never looked at that 200 till you ...i'll watch it from here out..maybe incorporate it into my scheme