Buy the dip still works
0. Review
Called for retesting 2021.75 ES the last pinpoint for resistance, it printed 2022 with .25 point buffer.
Buy-the-dip still worked if you entered long there and exited at a higher resistance around 2032.5.
(Always allow buffer of these prices as resistance or support)
My short order@2035.5 STP2037 got eliminated when it reaches 2039.
My long order@2022.75 got filled but stopped 2025 by manual trailing stop. Had to admit unmanaged overnight order and tight stop may not work well here.
1. Analysis
1.1 Weak Volume areas
2027 to 2022.
1.2 Recent Support/Resistance
2022, 2026.5, 2039.75
These are the price levels need revisting.
3. Tonight/Tmr's call
Reach higher than 2040. Probably test lower 2026 before that.
Happy trading and be cautious!
- Hank
Called for retesting 2021.75 ES the last pinpoint for resistance, it printed 2022 with .25 point buffer.
Buy-the-dip still worked if you entered long there and exited at a higher resistance around 2032.5.
(Always allow buffer of these prices as resistance or support)
My short order@2035.5 STP2037 got eliminated when it reaches 2039.
My long order@2022.75 got filled but stopped 2025 by manual trailing stop. Had to admit unmanaged overnight order and tight stop may not work well here.
1. Analysis
1.1 Weak Volume areas
2027 to 2022.
1.2 Recent Support/Resistance
2022, 2026.5, 2039.75
These are the price levels need revisting.
3. Tonight/Tmr's call
Reach higher than 2040. Probably test lower 2026 before that.
Happy trading and be cautious!
- Hank
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