While shorting this market has been a fools errand of late, the set up is rather clean if you must short, some might say it's too clean. You know where to place your stop.
On the flip side, running those stops might be fuel needed for ATH
ES Journal - 2019/2020
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On the flip side, running those stops might be fuel needed for ATH
stop at 3360. TP 3374
Is that from a technical perspective or fundamental? Or both?
Aaaahhhh, just how everything is shaping up, I'm looking at scores of stocks and indexes and they've come to a screeching halt.
There has been several clean short set ups intraday... today’s 1pm OVB on the 5 min was as clean as it gets... little to no risk & ITM quickly...
Swinging from both sides of the plate is imperative in this game....
Got it.
Those stormy clouds made me think you were looking for more than a pullback, though.
I'm thinking that the bias ahead is bearish but nothing dramatic, maybe a soft / choppy weak ahead.
I still think the market is fairly bullish for week end - as long as we hold above 50 on the overnight session. 3395-3400 is still in play for tomorrow as long as that happens and we can open gap up tomorrow.
The bears had their chance today, but we reversed strongly off the 60 zone and closed not more than 15 points from top of the weekly range.
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