ES Trend Change in Character

One of my long term member's sent me this update as I don't know the TOS system that well and can't get  5 hour chart.

For those of us (I imagine al) who prefer trending trades, look at how ES stuck to the mid point of the Bollinger Bands throughout this rally, it just broke below the midpoint and it's plain to see volatility increasing quite a bit.

There are several different ways this can play out, a break below and kiss good bye, a water fall sell-off, or a few less likely scenarios, 3C should give us an idea as to which to expect, but after that low volatility, VERY steady, dumb money friendly trend, things are really changing fast and not for the good if you are a market bull.


Thanks for the chart Sam