Market opened up and created a VE, then reversed and formed a IF-1 while the YM created an IF-2 (@9:32 bar). Therefore the 9:30 ES bar was a LTL bounce and an Outside bar (which is usually either a Pt1 or Pt3 - Pt1 in this case). Entry.
Continue down (through the Pt2 to Pt3 retrace (9:45 to 9:55) until the 10:00 bar showed decreasing red Volume indicating change coming and then the FTT/IF-1/OB at 10:05 on the ES (possible Pt1). 10:10 price opens and forms a pennant. Hold short.
Meanwhile the YM was in the grip of a lateral formation with the following scenarios: The 10:02 bar is a FBP w/ increasing black Volume (possible Pt1)= change. The :04 bar is a decreasing black volume /IBGS that ends in lateral movement=change again. The :06 bar is an increasing black, IF-2, but closes in lateral formation= change again. The :08 bar breaks the lateral formation, but on decreasing black volume and closes again in lateral movement (possible Pt2) = change again. :10 bar moves down on decreasing red volume forming lateral movement (possible retrace to RTL) = change. :12 bar continues down on increasing red volume but price retraces back to its open again forming lateral movement. Increasing red volume in lateral movement is not expected (possible Pt3 and Pt1 up). = change again. After a small retrace, the :14 bar moves up on decreasing black volume out of lateral movement. Decreasing black volume moving up and out of lateral movement is not expected so we are on the lookout again for change.
The 10:15 ES bar opens and immediately moves up (BOing FBP) on increasing black volume. The :16 YM bar confirms new up channel w/ increasing black Volume. Reverse long.
Hold position until 10:55 ES bar which forms an FTT/IF-1 bar. Additionally, this bar has increased volume with less volatility that the previous bar. The YM formed a FBP at 10:56 and the :58 bar provided IF-2, reverse short (or exit) but did so in increasing red volume which again is not expected in a up channel retrace so we expect change again.
