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Don't know what pattern it is on Global ES, need wait and see. One thing is true though, the overnight push up seems gone. Now we need see if very very strong close and into AH Friday still is on...
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Hi Cobra, on you /ES chart, it looks like the price is at yesterday high, ~1695, however the futures a down at the moment and at the moment you've posted the chart, is was and is at 1687-1691, at the moment 1691, not sure why, I thought may be you use different expiration /es but i do not think so/
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My summation index signal is down.
My composite trend indicator signal is up.
I have a chunk of a summation index trade left on as a runner and it ain't runnin'.
While indexes have not moved much in recent days, I think my summation index is revealing a lot of correcting going on under the surface of what is still an uptrend.
At some point a threshold may be reached whereby the indexes will step down too or the corrective action may finish without much index damage and the uptrend resumes.
I have no clue which it will be.
I am honoring the short setup for now but I am not too excited about it. May call an audible depending on how things unfold.
Mr. BachNut wrote:1/2 Short.
My summation index signal is down.
My composite trend indicator signal is up.
I have a chunk of a summation index trade left on as a runner and it ain't runnin'.
While indexes have not moved much in recent days, I think my summation index is revealing a lot of correcting going on under the surface of what is still an uptrend.
At some point a threshold may be reached whereby the indexes will step down too or the corrective action may finish without much index damage and the uptrend resumes.
I have no clue which it will be.
I am honoring the short setup for now but I am not too excited about it. May call an audible depending on how things unfold.
mr b:
what does this mean "May call an audible"
thanks
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.