Thursday, August 2, 2012

ES Update

It looks like we are finally getting some really good signals and maybe last night's FX (Euro/$USD) post was correct, I'm looking for short term strength, but that short term price strength to be under heavy distribution. Therefore I want to use any short term price strength to enter shorts, there's less risk and much higher probabilities, even though it feels like the wrong thing to do (shorting price strength), we have good evidence that we haven't seen all week, not this clear.

Here's ES which should move up soon.


Scratch that last part, it is moving up just as I uploaded the chart!

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