ES Swing on Daily and Hourly chart.

[yc47ib]

Setting up a short in the oval area, first target 2790, stop loss 2920.

 

[LanceJ]

I think a lot of traders are getting long and placing the stop at the opening of the gap from last fridays close (2817ish). Buying the dips.

 

[systematictrader]

I think a lot of traders are getting long and placing the stop at the opening of the gap from last fridays close (2817ish). Buying the dips.

I think at 2970 zone we will fail and have few more scary days simply put because weve been going up, resistance, and the market will get people scared again since they too comfy now, on top of the fact well get a sell signal on macd soon as well since the buy signal is been in force 45 days ago

 

[yc47ib]

Challenging the 2920 stop, make it or break it area. I will give up the short at the touch of 2920, if at all. Interesting time.

 

[yc47ib]

Feels the market behaves very much like right before the big drop in Feb 20...... will see next week?
I am out with a loss at the touch of 2920.