ES Breaking up this descending channel to the upside. This needs to hold with two closes above at the minimum. Otherwise, it's a fake breakout and bearish move.
If it breaks and holds for two candles, I may look for a scalp long.
Still don't trust this market to the upside in the intermediate term, as it seems like most of these moves upward are short covering rallies.
If it breaks and holds for two candles, I may look for a scalp long.
Still don't trust this market to the upside in the intermediate term, as it seems like most of these moves upward are short covering rallies.