Tight Stops

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Now the ES is at a 4.50 1:1 correction and is most likely to find support within 2 ticks - if not the trend is confirmed to be down.

11:26 ET
 
I hate these tight rang days and do no get involved most of the time

The trend is still down unless we get a break above 1328.75

But the best trade opportunity right now is a short if we break 1326.25 and then break 1324.50 as that will really spell trouble for the buyers today.

The upside does not look to good unless we break the 1331 high.

But scalpers could try to get a couple of points between 1329 and 1331 to start with.

Tug of war right now as the cash market is dead and the technicals are very obsure.

BBG
 
Quote from ttw144:

I hate these tight rang days and do no get involved most of the time

The trend is still down unless we get a break above 1328.75

But the best trade opportunity right now is a short if we break 1326.25 and then break 1324.50 as that will really spell trouble for the buyers today.

The upside does not look to good unless we break the 1331 high.

But scalpers could try to get a couple of points between 1329 and 1331 to start with.

Tug of war right now as the cash market is dead and the technicals are very obsure.

BBG
More...

Volume is anemic... SP are trading less than 5k contracts in 5 minute bars in the last hour... usually produces a chop city

cj
 
Hello Folks:

What Mr. Gilmore calls a "1:1" is simply a bounce off yesterday's low of the day.

Happens all the time.

You can see it on the chart I am posting and if you keep your eyes open, you can catch the bounce by seeing how price acts as it hits that point.

No need to pay anyone to learn how to do that.

Just use common sense.

Steve

Sorry Vikana, couldn't resist
 

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