ES Daily Violence Into 200 Bounce Play
Any violence into the 200sma and the subsequent small bounce is 100% shortable after the elimination of the green's body. In this case, 4250.
Sell limit order under that body low at 4245
Target the low of the range or 4850
Violence into the 200sma is NOT a buyable event and WILL roll over in a dead cat bounce.
All the dashed lines below are pivot lows where stops are placed. Ample fuel for stop runs down.
Also, trade in the direction of the 21ema as that is where the flow of power is at the moment. Why pick a bottom when you can just slip in the river and be swept downstream without trying.
Sell limit order under that body low at 4245
Target the low of the range or 4850
Violence into the 200sma is NOT a buyable event and WILL roll over in a dead cat bounce.
All the dashed lines below are pivot lows where stops are placed. Ample fuel for stop runs down.
Also, trade in the direction of the 21ema as that is where the flow of power is at the moment. Why pick a bottom when you can just slip in the river and be swept downstream without trying.
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