Yesterday's Power On Close = Weakness
Today's Open = Open @ 1308.50 GAP UP(4.25 pts)
Result = Gap Seal, then Reverse for late day trend.
Today's TREND =
Today's 15 Minute Close Bar =Down @ 1321.50
Today's Power On Close = Strength
Daily Volume = 1.6M Light Volume
Today's $TICK close = -205
Daily Market Bias For Tomorrow =
714 Moderate Bull
Daily's are showing Signs weakness again printing a No Demand with Tight Range on the 1440, ES.D and @ES continuos. My bias is bullish so this will have be a pre-open descision. I place alote of wait on Daily signal so I have to really consider the After market information for tomarrows trade Im looking early test of highs, if we get rejection at the 1326 level then shorts may be the play with reversal if price breaks on high volume.
TRADE OF THE DAY:
The came early on an Open Ice Breaker @ 1324.50 that ran a max 4pts to 1320.50 by the 4th bar for a 1 shot 1 kill trade.
WHAT I COULD HAVE DONE BETTER:
Timing, EXITS, REACTION AND RECOGNITION HAVE BEEN OFF SINCE THE HOLIDAY'S.
Traded against the trend and bucked my own daily advise and Market bias.
SOLUTION:
May need to back off for a bit to refocus on my methodologies and go over my past trades.
INTANGIBLE OBSERVATIONS:
1-5pt gaps open ice breaker is good especially after a peak high/Low in the Pre-Open.