ES today

Updated

4135 watch for rejection, 4120 will be sticky Looking to see if market rolls over at 4135 for a nice short to below the overnight low. Day trade only.

Trade active

Well over shot, over 4145 then yesterday very likely retrace, but still watching to see if control switches back to seller so still open minded, so breaking 4135 no harm.

Trade active

market made me the dummy. why I trade the market action not my thinking. This is gap, and then high as last chance for short. Not saying short is only trade it just is one i am looking for. Using stops or options to control loss

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4135-4140 long could be nice also. The internal strength is impressive, so if that can not roll over will then look for long.

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30 minute chart, this building ( so far) inside candle is my guide, if remaining above it's low will be stalking the long side. but below will lean short. Very interesting day so far.

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I did short the 30 minute break, will not let it go bad now.

Trade closed: target reached

Will lock in profit, and hold a little free runner with a b/e stop

Note

why I backed off on holding short and that is the MAGNAT stocks are not budging from 5 up, so trading opposite of the 90% the S&P is not normally a wise move, so not out just careful

Note

hope this provide some incite on how to stalk a market an not fall prayy to your own bias.

Trade closed: target reached

Out now MAGNAT flipped back up

alleytrader

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