Quote from trendy:
1.610? Isn't it trading around 1.36? And what does that have to do with the ES?
Quote from bigsnack:
I look for TICK closes above 600 and below -600 for confirmation of sentiment, and I try to buy TICK's near -600 and sell TICKs near +600, as they typically give a very safe entry. THe best entry for a short would have been 36.50. TICK agreed sentiment wise and it was a 50% pullback short from the recent highs to the recent lows. That's about as safe as it gets.