Back to the Norm on the price action. Its hard to know when things will settle down, always best to sit on the sidelines after big moves that are generated from over hyped news. ES has alot to make up starting with getting passed 74 than 77.50/78.50 area.
Crude on the daily touched the center B-band and did a death roll. We're almost at the 50% at 64.88 and then the famous 61.8% is at 64.53. If i considered a long, it would'nt be until the 30mn traded above the 200ma. The 30mn death bar looks ugly, we may roll again if we cant get a firm close over the 200ma on the 30mn?
Waiting to see if the Crude 1mn gets close to the 200ma, right now the 1mn B-bands are expanding. I would like to see how price reacts to the 200ma.
I'm batting a 1000 today, every time i step away for an appointment, i miss the layup and entry. instinctively i thought Crude would do what it did , it repelled slightly off the 200ma and as time eroded, bands compressed with the smaller range, expulsion followed and up or down to the higher end or lower of the wide B-bands on the 30mn. Direction is never for sure during layup, just follow the momentum. (Bias direction should never be part of your game plan)