ES! / MES! Bullish Close
Caveat: This is a speculative view of ES into tomorrow based on two indicators: Price/Risk and Price Momentum.
Price/Risk indicator is signaling a gap up tomorrow. Indicator closed positive, while price closed at lows, which indicates smart traders are buying pullback. This probably works about 75% of the time.
If we gap up as I expect, then we'll have to look to see if Price/Risk reacts to the move, because there has been so much weakening in short/medium term Price Momentum. Also, 2HR - daily timeframe are still bearish. But hourly is showing sings of strengthening. So a gap up may help repair the full spectrum of short-term to hourly timeframes.
I bought ES before the close at 3978. Don't have t target.
Price/Risk indicator is signaling a gap up tomorrow. Indicator closed positive, while price closed at lows, which indicates smart traders are buying pullback. This probably works about 75% of the time.
If we gap up as I expect, then we'll have to look to see if Price/Risk reacts to the move, because there has been so much weakening in short/medium term Price Momentum. Also, 2HR - daily timeframe are still bearish. But hourly is showing sings of strengthening. So a gap up may help repair the full spectrum of short-term to hourly timeframes.
I bought ES before the close at 3978. Don't have t target.
ملاحظة
I severely miscalculated this overnight pullback, particularly I didn't heed my Price Momentum indicator's weakness on the short term timeframes. Nevertheless, P/R still strong, so i still have my ES. And the overnight drop has restored the PM indicators (1 hour and less) bullishness.تم إغلاق الصفقة يدويًا
ugh, back to the drawing board
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.