TradingView
microtrends
Sep 8, 2014 1:40 PM

ES potential long heads up Long

S&P 500 index of US listed sharesFXCM

Description

ES potential long heads up
The system is currently neutral....
The last short is now in a neutral state as we are inside the range of the red and green horizontal.
This might be a non starter type of day so we might not see a 100% range perhaps only 25 to 50%
However the last 2 sessions on the range grid shows 2 gold days in a row.

It would be fair to assume that a long here would be met with resistance around f23% and f50%
so some obvious scale out points there.
The system is not long until the green up triangle prints

These indicators are available in Charts > Indicators > Market Place Add-ons > MicroTrends
more details of the indicators can be found here: indicatorfactory.com/tradingview-indicators/
More