Major RSI divergence on 60 min when we hit 2621.25. Always easier to see in hindsight.
ES Journal - 2017/2018
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Major RSI divergence on 60 min when we hit 2621.25. Always easier to see in hindsight.
Thanks man, You`ll be right back in the Saddle again tomorrow.. Nice call on that free fall.. I didn`t see it coming.
Short 6A, Long ZN
If by overnight pullbacks you're implying that every large gap down is a great buy, you're incorrect. It's a rather mixed picture, actually. For example, the 20th last month was similar and did actually offer a good up swing, but most of the money were offered to the shorts AND the day closed near the lows.
So, recklessly buying gap down opens is not a good strategy on it's own, IMO. Unless one have really deep pockets and can cash in on that one up swing which is likely to occur some time during the day as some up movement is to be expected...
Noone recklessly buys gap downs.
I saw it, that is when I posted that we would rally from there...
Clarification though for you the reader---It was on futures, not cash.
On futures.
It was on cash too, and I used the 5 mins chart. It showed on the 15 mins too, but the 5 mins was more obvious...
I saw it on futures only. Leads me to believe we could see it on cash as well when we break 2603 today or Monday
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