what is likely to happen into the close ! trading that range is risky.. especially in the next few mins !!!!!
[grips dime in palm] I have no real idea, based just on chart in screenshot? Simple answer... nothing. Price drifts sideways into close from where it is now. Gun to my head to pick a direction... if price breaks above the wedged area(approximate area of blue box), prices looking upward.
No need to trade when it's risky and not clear. I would probably pass... The only thing I can say is that these type of days tend to close above your yellow line.
the last min before the bell is always worth a few points..but u need to have those fast order entry buttons i spoke of..it moves so fast you don't even see the ticks on the platform..so market orders will more than likely turn a winner into a loser.. as always..best done with the MES
or maybe you are seeing too much into it...an instrument will go up AND down and not as often it will just go up or just go down. And then you have peeps tell you you can't do this or you can't do that.... trading is mostly psychological so i'll do what works for me and i will not listen to experts.
one can do whatever one likes..but..doing something with one instrument might not work with another instrument..that is what this discussion is all about..the reasons why they differ are there to be seen..if anyone who trades the ES decides to ignore the reasons..then that is their decision.. there is absolutely no place for woulda..coulda..shoulda traders with the ES..and now with the MES the plebs are delighted that they have a chance to make some easy money..which..of course they can easily do if they know the reasons why the ES is not like another instrument !