Emini S&P - Daily chop but new trend move coming --UP??
a few weeks back the ES started this Sideways trend. the TCF had indicated this but I thought we would see more downward pressure but as has been said for the past 10 years, no one makes a living shorting the S&P. As can be seen, both chop trading systems had profitable 3 weeks, with the long trades more profitable than short but The TCF is now at down at the trending outlook (TCF leads price by 3-6 bars). In terms of the direction, the fact that the S&P sell wave is flat relative to the buy wave tells me the price action will break higher and make new near term highs.
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