MACD / Price divergence is a powerful signal. ES is still trying to go down again, bulls and bears are in a deep battle, let's see who win. This chain of events provided nice short trading opportunities. The game is on.
Hello formikatrading, nice to see you here again.
I am detecting some MACD / PRICE divergence in the 4 hour charts, this signal tends to be right regularly. We need to watch for price action for confirmation. If this MACD / PRICE divergence is right this time ES might go down again. Let´s wait.
My wish for everybody is for you to have all the energy, love, happiness and wealth to enjoy the best times with your family and friends during this new year. HAPPY NEW YEAR 2019.
I checked out also volume and price behavior and it looks suspicious, it is like signaling that ES would like to come back down again, please check volume out to see what I mean. I also found this MACD / PRICE divergence that you can see at the chart above also give a clue about could happen...
This morning the market keeps coming down, we are still in the play. From this point downward, there are many targets that could be reach as 2343, 2316, 2228 even to 2029. Only time will tell. Meanwhile we keep riding the wave. Merry Christmas!