Quote from Buy1Sell2:
Now here is the current 60 minute ES chart. This is actually a triple bullish divergence with the third higher MACD trough actually above the zero line thus making it a little less visible. This suggests a short term bounce. Doesn't mean of course that it is 100 percent. That's why stops are used in short term trading.
I am long from 1292.00 with my current stop at 1284.00. I will be moving my stop upwards as we go---trailing as it were.
). The pre market action can also give a clue to the direction as it did today and also a large gap down. No disrespect, just asking for some thought/discussion.