Yesterday's Power On Close = Strength
Today's Open = Open @ 1189.25 GAP Dn(7.25 pts)
Result = NARROW Range Bullish
Today's TREND = NARROW Range Bullish
Today's 15 Minute Close Bar =UP @ 1196.50
Today's Power On Close = Weakness
Daily Volume = 2.5M Ave Low Volume
Today's $TICK close = 453
Daily Market Bias For Tomorrow =
- .643 MODERATE BEAR
Daily's are showing some signs of Weakness, We closed just at the Support / Resistance line from last week on a little high volume than previous days. On the ES.D candles we have spinning tops as price rolls over signalling a potential reversal or some consolidation at the least. After the harsh selloff last week it appears that we still may not have adequetly tested supply and so i think we could be headed down for more testing. Cponversely if we crack abover the 1201 previous days high then we see a rally, but the type of volume will be the key. At the moment the recent bounce has been on low volume with tighter ranges at potential Resistance.
TRADE OF THE DAY:
The TOD was an an early PB in trend off the 1500 tick. Long @ 1188 on a break above the 500 probar. This was a 15/5 sync 1 shot 1 kill closed @ 1192.00
WHAT I DONE BETTER:
Was be patient and take the 4pts when given.
INTANGIBLE OBSERVATIONS:
REMEMBER to use the profile for inevitable targets and be sure your 4pt target is within that. In average volatility environments don't extend the targets, unless the approach is very obvious to go beyond it and the POC's are distant. Drag & Drop the limit in this case, BUT BE SURE YOU DON'T CANCEL THE ORDER!!
If you take trades that are NOT Synced YOU WILL HAVE TO SIT THRU HEAT!!
Visualize the morning and what it may look like at the 7 bar!!
If you take trades that are NOT Synced YOU WILL HAVE TO SIT THRU HEAT!!
Visualize the morning and what it may look like at the 7 bar!!