ES is experiencing same buying program today indentical to the one a couple of weeks ago. The chart is as identical as you have just copied it. Money making machine...
Nice trade here pocketmoney. IMHO, if your emotions come into play after a nice win like this then you''re right, you should take a break and come back once your head is clear.
Trading in a state of euphoria is as dangerous as trading with fear. The result is the same, drawdown.
The objective is to go towards zero emotion trading.
If we're going to go higher today is the day - imagine what would have happened had the GDP numbers came in inline or better than expectations. All news is good news. If bulls cannot do it today I would expect the bears to finally show up - they have been in hibernation for a while.
I don't know. I think the short side is crowded with traders betting on a retrace as the market is overbought. As long as there is no strong selling coming in, the short squeeze will continue.
http://stockcharts.com/h-sc/ui?s=$NYA&p=D&yr=1&mn=1&dy=0&id=p41587408040&a=129296042&listNum=11 we are rolling over,just a question of when,timing it to make april close out high would make sense