Environment is everything. If you are a short term trader or swing trader I believe it's always important to have a bias of direction. The bears recently took the bulls punch with a decent rally off the lows and the bears fought back with vengeance. This is not my opinion, this is what my strategy tells me. In this video I go over why I'm so bearish the E-mini S&P 500 futures ES1! by using an Auto Anchored VWAP, Anchored VWAP's, 10 day simple moving average, Bollinger Bands and the RSI.
Past performance is not indicative of future results. Derivatives trading is not suitable for all investors.