ES short momentum on the hourly continues

Oct 25, 2018

After the nearly full body red candle on close, ES continued to set a red 9 on the hourly, traders should have been expecting a price flip on SPX futures [ES] however the current green 1 is capped by the red trend momentum indicator indicating minimum upside over the next hour. Traders can short ES1 at the resistance area at SPX 2673.

Oct 25, 2018

Trade active

Will enter this trade if any of these 3 criteria are met:

1) 2673 is hit. Leads to entering a short
2) Green 2 is below the momentum indicator [red dots] which is still present after this current hour. Leads to entering a short
3) A new red 1 is set, which is followed up by a red 2 which takes 2657 out. Leads to entering a short

Oct 25, 2018

Note

SL 2678

Oct 25, 2018

Note

Scenario 1 played out, stop entry at 2673

Oct 25, 2018

Trade closed: stop reached

stopped out at 2678