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yep overnight low is 36.5, it will break down today I can smell it.Trades with cats wrote:Fourth bounce off yesterdays lows for ES, first bounce during RTH. I think 6 will be the magic number.
Urban Camel tweeting this morning that market needs weaken before it can reverse. He wants to see a close below 5 day to confirm av reverse in direction. (classic theory I think). So looking to see closes below the daily pivot then the big one, loss of the 5 day average.BullBear52x wrote:/ES sell anything under 41
SPX 5 dma is level to watch.
Has he watched trading this week??? Down premarket all week 10-13 points then up rest of day,lucky if were down 3-4 points at close as we are approaching green the 1st hour of tradingTrades with cats wrote:Urban Camel tweeting this morning that market needs weaken before it can reverse. He wants to see a close below 5 day to confirm av reverse in direction. (classic theory I think). So looking to see closes below the daily pivot then the big one, loss of the 5 day average.BullBear52x wrote:/ES sell anything under 41
SPX 5 dma is level to watch.