The ES is right at a major support so any shorts must be with caution. Macro Bias down is holding at 1290 area and mirco at 1266. With major support at 1245 we could reverse anytime and test 1290. So any mirco higher high and I wpould be looking for longs and a hold of 1266 70ish arae and we should retest 1245.
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We are still working are way to test Marco bias at 1290 area. I'm waiting for a test of the 1277 area (micro bias) or a deeper pull back to 1275 (old inside resistance). A clear break of 1275 and we could move back inside the old range and retest 1250.
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I got out of a good trade before the news and never got another chance to re-enter. Prep was right on and execution ok.
I took a small trade in the afternoon but it started to stall so I got out.
2 trades 2 winners 3.00PTS
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Today we are still in the 1290- 1250 zone. I'm looking for a possible hold and leg out at the 1275 area. If we fail to hold 1282 then we will move down to 1275 and possibly back down to 1250. But it looks like 1282 held and we are moving up.
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We are still trading in the 1290 -1250 range and moving to retest the bottom.
Any longs should be taken with caution mid range and look for covers around 1278 (micro Bias down). The ES is strecthed and could fill the gap before moving down.
Take any continuations down to 1250 area. Watch for any failed continuation for a quick exit if we start to fill the gap. Then great R/R at 1278 for shorts if gap is filled.
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Yesterday my trade execution was bad trading off the bottom. I had two bad trades off the bottom and came back with 3 good trades before noon. Picking the bottom is not my best trade but the R/R is high.
5 trades 3 winners 2 losers +2pts
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ES is holding the 1272 and trading back down to retest 1257. We could see a reversal if micro bias of 1262 area holds with a failed continuation, then we could move back up and test 1285 area. But if we break 1262 there is a good chance to move through 1257. and test 1242 area. I hope this makes sense.
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The ES held 1262 and moved up to test 1286 area. I had my prep right on and traded it pretty well. I missed the best trade in the afternoon and messed up a exit but still had a quality day.
4 trades 3 winners 1 loser + 5.75 PTS
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