Quote:
Originally Posted by richpuer
im trying to play ball here....participate, that is....anyhow, the ES hammer yesterday inspired me to buy the close...and sure enough paid off today...but ur right, context is key....and HHs and HLs...channel up, but thats a bear flag so im getting pretty nervous at the top of the TCL, IF we can get it @ 1246....that would also be met with the 200d ema...so probable target and confluence zone
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I like your thinking....was thinking same myself...bet divergences come in around that level.
If we unexpectedly selloff right now and bear flag plays out, then we prob undercut the low from few wks ago and then we rally for a month or so...either way I think 1250 needs to be tested.