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lightning maybe, but anyone can quite easily misread p/a on numerous occasions and if you are averaging down for the sake of 2 point gain, then it is quite possible to happen again and again.

maybe so...I think 7200 has to be re-tested first

looks like downside tomorrow, weekly still points to quite a bit more.

long 3, ES's chart lining up scaled out 2 +9.5

-1 on 3rd long 3, 4th higher trough forming scaled out 2 +7 3rd -2.5

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1583797>

3rd +16.5 and Long 3 off 2 min chart scaled out 2 +8.5

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1583752>

That is what I expect to happen.

a headfake precedes expected p/a on many occasions, hence I drew an upward arrow, primary downside expected based on pattern, but not unusual to see short sellers to be squeezed first :) It is longer term chart don't forget. Why 1500? It's an obvious resistance territory, 61.8% retracement...

in this case a B) as price action + indicator's pattern leads to an inevitable bearish sentiment, we all know that it is not a straight forward case to be in the black straight away, so ImO smaller bears will be squeezed first, followed by a much bigger fresh small bull shake near 1500. Of...

True interpretation of news is price action as we all know, I will be first to admit that I have no understanding of fundamental analyses, so in a way FOMC minutes are meaningless to me, but a time to look at sudden increase in volatility and fade it off either near extreme tops/bottoms, small...

There is a bearish divergence on 4 hour chart ES and so-so one on DAX, FOMC minutes might take ES to 1500 mark where I think sellers will be coming in strongly. Basically fade da news is expected near 2pm Eastern. Short 3 here off 2 min chart scaled out +8.5

Thanks for charts Mbusch! <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1583306>

EqtTrdr, I asked you a question regarding risk of initiating fresh longs and holding over weekend at the time when divergence on weekly was almost complete which lead to a current correction, I think you posted a "LMAO" at the time, so... <img...

TY! off to Milan later today, we need to upgrade our wardrobes :cool:

TY! I don't use RSI as I find histogram provides all that is required, ImO histogram prevails over RSI. Histogram, from a pure visual analyses, creates a lot more clear cut signals, it has just 1 centerline that establishes possible POINT of change in direction, whereas RSI can be traded using...

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1581082>

Spec, if you are trying to hedge via futures, then why did you reverse and went long instead of holding a short? Don't you think it's better practice to opt out for options/leaps, why futures?

Spec, what you gonna do about your position man? ImO 4 hour chart MIGHT put in a 3rd peak + divergence creating a bear flag, but might is the main word, I don't trade long term charts, hope it works out for you.