EMA did not hold this time. Through EMA, VWAP and point of control to (once again) bounce on yesterday's low. No idea how long that will hold ES 2780.50
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mini rebound target. exceeds it (I think bulls have chances) then I think the low might be in for today although may have another higher low test.
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typical false breakout (green arrow) trap bulls, then breakdown (red arrow) so bears thought the double bottom failed therefore good short (also double top breakdown), but unfortunately it sharply reversed up AS USUAL (now) trapping bears as well. I think the low probably was in because the current rebound exceeded the mini target. comparing all different colored highlight area it's clear the rebound got stronger and stronger.
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Trades with cats wrote:Good day for fast moving scalpers, not so much for trend followers.
Yes!
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