ES.....i`m looking for an inside day today or tight range inside yesterdays hi/lo of 1519.75 - 1504.75.....hope i`m wrong because volitility is oxygen to me.
if it works out & only if ( inside day) i`d look for tomorrows action to break todays lo to sell hard down to 1580`s.
increased vol on the hi`s as well as an IVB on the 30 min chart could be lo risk sell on a position basis with stop above 1519.75.
inside/outside days with nice vol on hi`s have been reliable to short term tops......i was stopped yesterday at 19.50 on position acct but reentered 1518.75 for the reverse south bound i anticipated due to price action & IVB followed by an OVB on the hi.(30 min chart)
IVB = inside verticle bar
OVB = outside verticle bar
we shall see how it unfolds..........
if it works out & only if ( inside day) i`d look for tomorrows action to break todays lo to sell hard down to 1580`s.
increased vol on the hi`s as well as an IVB on the 30 min chart could be lo risk sell on a position basis with stop above 1519.75.
inside/outside days with nice vol on hi`s have been reliable to short term tops......i was stopped yesterday at 19.50 on position acct but reentered 1518.75 for the reverse south bound i anticipated due to price action & IVB followed by an OVB on the hi.(30 min chart)
IVB = inside verticle bar
OVB = outside verticle bar
we shall see how it unfolds..........