Not much to do unless ES breaks out of a box. If you trade shorter term a trade can be made on a break above for below the smaller box with targets being the .886 in either direction.
If you trade longer term it is probably better to wait for a break of the larger box. I have no bias at this point as I want to see how it opens tomorrow am. Once we get a break in either direction
I will post potential targets/reversal zones.
If you trade longer term it is probably better to wait for a break of the larger box. I have no bias at this point as I want to see how it opens tomorrow am. Once we get a break in either direction
I will post potential targets/reversal zones.
Comment:
Rejected off the top of the small box for now. 3580 is firm resistance right now.
Comment:
Today is an example of why I often use simple boxes. Unless you see a clean break from these consolidation areas expect to get chopped up. If you are not a skilled scalper stay away or trade individual names with specific catalysts.
Comment:
Patience pays...Broke the small box offering a fairly easy trade. Coming into the 886 target to the upside now.
