ES today

Updated
4135 watch for rejection, 4120 will be sticky Looking to see if market rolls over at 4135 for a nice short to below the overnight low. Day trade only.
Trade active
Well over shot, over 4145 then yesterday very likely retrace, but still watching to see if control switches back to seller so still open minded, so breaking 4135 no harm.
Trade active
market made me the dummy. why I trade the market action not my thinking. This is gap, and then high as last chance for short. Not saying short is only trade it just is one i am looking for. Using stops or options to control loss
Trade active
4135-4140 long could be nice also. The internal strength is impressive, so if that can not roll over will then look for long.
Trade active
30 minute chart, this building ( so far) inside candle is my guide, if remaining above it's low will be stalking the long side. but below will lean short. Very interesting day so far.
Trade active
I did short the 30 minute break, will not let it go bad now.
Trade closed: target reached
Will lock in profit, and hold a little free runner with a b/e stop
Comment
why I backed off on holding short and that is the MAGNAT stocks are not budging from 5 up, so trading opposite of the 90% the S&P is not normally a wise move, so not out just careful
Comment
hope this provide some incite on how to stalk a market an not fall prayy to your own bias.
Trade closed: target reached
Out now MAGNAT flipped back up
ESSPX (S&P 500 Index)Support and Resistance

Also on:

Disclaimer