My thought has been: As in hourly chart it has risen a lot ... then it has to fall Each time it operated short, the price rose again.
The edge you can gain here is regarding the trade war chat. Trump tweeted yesterday that things were going well. Then we have the news today of "warm and fuzzy" from Trump's tweet. And we have the news of Fed buying more treasuries on a monthly basis. Then the news of the mini-deal, even before Trump met with the Vice Premier at 2:45. That was all upward bias. These are not normal times, and there seem to be more algos with machine-readable news data than ever. The reactions to news are getting more extreme with each passing month.
Hi Volpri This was a Dow trade I took today ( UK time) using a stripped down Itchimoku and price action. One Minute chart. On the Micro Dow via AMP Brokers ( AMP Global Europe) I am new to Futures and UK based. Critique welcome