Here is the 240 minute chart of the ES that I posted the other day. Market action seems to be respecting these trend lines, so I'm letting it ride. Either it breaks lower from here or it extends to the upper trend line which would be above 1340. Sometimes the simplest action is the best.
Yesterday was an example of the frustrating side of the business. Out of over 60,000 shares filled at 20.85 on the SDS which was low of the day, none were mine though I'd had a bid there for almost a half hour. I was furious and called my broker but got nowhere. That's just the way it goes sometimes.
The strong reaction off the high yesterday was expected by my count. But the slow crawl back was not. (At this moment, the ES is breaking down through the lower trend line on the 240' chart and looks close to breaking an upward wedge on a 30' overnight chart. So in that the market did not reach a new high after yesterday's break, this warrants attention. I'll follow up later.)
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