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BengalTigger
Jan 24, 2019 10:42 PM

ES: Paddle 

E-mini S&P 500 FuturesCME

Description

All we have managed to do in spite of two days of 70pts swing is to trade approx 20 points above and below the 35 area. It appears that a move out of this area is coming and my bias is to the upside. As long as the 30 area holds, I do see the 66-68 area reached. Given that any news can be used for or against an idea, I understand there is a vote in the senate today regarding Govt shutdown. I do not know if voting has begun or perhaps finished. That might be a game changer. For now, lets just say that above 41 or so could be bullish and below 30 bearish. Between those two areas, you are likely to get chopped.
Comments
TheFirstMan
what gives you an upwards trend?
BengalTigger
@TheFirstMan, I am not quite sure of your question. Don't think I have mentioned trend anywhere above. Can you be more specific? Happy to respond.
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