Top 5 Weekly Trade Ideas #4 - ES Short
Nice move for ES this morning up off the bottom end of the range. Now it's all the way back to the top. I expect a rejection here, but if it breaks at least I'll know it's time to exit shorts. Next upside target would be 5955.
If it works out, downside target will be 5900 first and then we'll see if it can break any lower. Lots of things lining up to make this a great trade long or short. NQ is nearly the same chart not surprisingly. VX at critical support and the bottom end of its range too. I expect a move from here, liking the short side for now but that could change.
If it works out, downside target will be 5900 first and then we'll see if it can break any lower. Lots of things lining up to make this a great trade long or short. NQ is nearly the same chart not surprisingly. VX at critical support and the bottom end of its range too. I expect a move from here, liking the short side for now but that could change.
AP Academy Beta Registration Open:
ko-fi.com/advancedplays/tiers
Short Thesis:
advancedplays.com/short-thesis.pdf
Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes.
ko-fi.com/advancedplays/tiers
Short Thesis:
advancedplays.com/short-thesis.pdf
Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes.
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