Trading the SLA/AMT Intraday

With regard to that DB, you may want to save this because it shows the difference in quality between a climax and a secondary reaction. The volume isn't all that important.

 

This is what's called "grind".

 

A retracement this deep into the previous ret is not a plus.

 

Is this a live call ?

Your saying It'll go to 64 first before dropping down ?

 

Lajax is going to love all these hinges.

 

http://www.elitetrader.com/et/index...e-sla-amt-intraday.289624/page-2#post-4086460

 

ES is too much of an anchor.

 

I'm done for the day.

 

A reminder that the market doesn't give a damn about your lines. What it does care about is swing highs and lows. So the swing low just after 1100 matters more than the apex of the hinge.

 

Note how price moves past 64. This again confirms the importance of 64. So if 64 can't hold . . .