Overnight action is short but in the top of prior days range. Will be watching close for a consolidation.
Not going to act fast and let market give me it's intention.
After yesterday bit up move will favor long, but will see if market is going to go along with that idea.
Look for an impulsive move and then play off that move, if the impulse take us close to the marked blue lines then only play that direction if retrace is big enough to make a good trade.
#ES #daytrading
Not going to act fast and let market give me it's intention.
After yesterday bit up move will favor long, but will see if market is going to go along with that idea.
Look for an impulsive move and then play off that move, if the impulse take us close to the marked blue lines then only play that direction if retrace is big enough to make a good trade.
#ES #daytrading
Trade active:
As mentioned playing the blue line boundaries, would have stopped you from getting short right where it bounced and this bounce so far is playing out to be a decent long that now has no risk.