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all 4 structure(bullish wedge), volume spike on each of 3 lows, 3rd being the largest at a significant fib retracement. As well as option exp friday tend not to be range expansion days coupled with just reached a bit over the 10 ATR.

If they think its ever going to cheap and buy it up today it will be here at 1547.50... still holding short for the big one though....

looks like it wants to run up and test 1556-1557 before heading lower. That will be the real test if this is the real deal or just a washout.

look out below just added my bearish position when 1555 didnt hold This could be the top and I am playing it as such. I will cover if it get back above 1555 until then 10% correction...

double bottom

the worry for the shorts is DB

Would like to see a dip down to 1555-1556 wait for the market to show some strength there and then get more long with a tight stop.

yep... 1570 is pretty strong resistance... tough trading here.

It is really anyones guess at this point. Daily trend is up but we are getting to some very key price levels that warrant a large correction. Today will most likely give an indication of the following week. I am on the sidelines at this point with a small position long.

I have one for the ES that I developed similar to that one. However, you have to take 1 tick of slippage on entry and exit out of each trade which kills it. Which would probably due the same to that one. You have to be very skeptical with ES scalping systems....

not sure what you mean? It was a discount to me.. The market made a low in no mans land this afternoon according to my anaylsis so it was a nice setup to get short at strong resistance with a tight stop and look for 1530 or lower. I got burned on a crazy move... it happens. Thats why I trade...

I was in at 1555 as well so just took the loss when I saw that my analysis was wrong.

well they got me.... what can ya do... was there any news?

short right at 1555-.50 1.5 stop target new lows holding over night.

a nice low risk long here 145.50-1546 very countertrend though.

They are having trouble taking it lower. Most likely take it higher to run more stops. still currently short just tightening up my stops

I would be careful... looks like a new high coming if they hold this 1546. Best be patient and wait for a new high, selling to come in and then get back on board. you have some amazing trades today... no point at throwing some profits away at lower probability/higher risk entries

nice trade... had the same entry.... imagine that :) except my target is 1530 or lower

if the shoe doesnt drop within the next few minutes I am going to take some profits and get back in at higher prices ie 1550 -1553

nice trading... take a break man thats a monster day. congrats