ES lines are 10 points lower than the spx500 lines shown on this chart
just like oil ES is trading in a smaller balance inside a bigger balance and this gives us good size trades without a break out, but keep watching the market for these breaking moves that will come. The FED is doing everything it can to lift the market and the market is just marginally responding. this tells me one of the sides will win we just have to pick up on the clues to tell us the side that will win. When waiting for the break I will be watching the intra day trends and keeping my trades to the direction that small time frame trend is on. This in most cases will have me missing the turning points at the days tops and bottoms but the range these days is plenty big enough to get the meat in the middle.
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