Quote from baifriend:/porgie
how shallow is shallow retracement??
every deep retracement begins from shallow.
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Helpful question, because some do reverse, most retrace.;
porgie paraphrsed it retracement or reversal.
Baifriend;
Probabilities on weekly charts , amoung others help;
weekly trend is friend also. Shallow retracement in uptrends would include higher highs, higher lows.
And even though main uptrend is up ;
when weekly trend is down ,good opportunities on short side also, if that fits your personality.
In other words , as ''Chick'' Goslin puts it ''continuation is more likely than change''
RXIS;
No dont like long YM or ES overnights, or short YM /ES overnights;
dividend oil/gas stocks look fine over night,long/uptrend.