Another Gap up on the ES. Today it was durable goods number that broke us above 895 that we were locked under yesterday. Bigger context is still bearish on 30/60 min charts, but oversold means time for bounce. We were looking for lower entries and a long trade, never got them, so unless you came [...]
Another Gap up on the ES. Today it was durable goods number that broke us above 895 that we were locked under yesterday. Bigger context is still bearish on 30/60 min charts, but oversold means time for bounce. We were looking for lower entries and a long trade, never got them, so unless you came in long from yesterday there isn't much to see once again for this trader on the intraday charts until we see higher prices to sell or lower prices to buy. The conundrum continues and its a stalemate out here for most traders as the FOMC day is here which means sit and spin.