ES Bullish Breakout To 5050.00

On the hourly timeframe, price has been consolidating in the upper 50% of that fat green hammer candle ( Extremely Bullish)

The hourly 21ema is trending higher ( Bullish )

1 full range expansion of that consolidation will be 5050.00

Any close above or a limit at the breakout should be ok.

Drilling down to the 5 minute for a finessed entry will be the trick today. I may get stopped out trying to find the right entry. The market won't let me have this for free.

Trade active:

Got long on the 15 minute with a red take out on the rising 21ema. My stop is 50 ticks and I am targeting 200 ticks just before the 1 full range expansion

Comment:

This setup I call a 15' T21 CC ETH

Meaning:

15' Timeframe Entry
Trend Continuation at the rising 21ema
Limit order on a color change
Globex Hours ETH before NY open

Comment:

Holy Fuck lol that was an explosive short squeeze

Comment:

Hit 5047.00

Comment:

ES was Bullish today as I expected, while YM was bearish. I believe YM is leading the market on its 37% sell off. I was anticipating February 13th as the top. February CPI is coming next Tuesday, I wonder if that will be the catalyst for the move down following the March 20th FOMC.