Potentially tradeable guidance for E-Mini S&P (ES)

Actionable Trade-Alert

from Rick in the Trading Room

(Please check all related discussion in the room before you do any trades.)


Thursday, August 31, 2023

 

08:00

08:26

  Bill

ESU23 has slightly exceeded the important x=4535.31 level. [ {{ Try not to think of ‘x’ as an important level. It is neither a Hidden Pivot, nor a support nor a resistance, just a place where we set up some of our trades. RA }}} ]

08:34

  Rick

Here is the pattern that will be controlling ES today. It is sufficiently gnarly to work no matter what your purpose:

08:34

  Rick

https://bit.ly/3PhA2bc

08:42

  Bill

Thanks for posting this pattern, Rick. [ { Ur welcome, Bill. Enjoy! RA }]

09:00

09:07

  Rick

If you use p=4548.13 to get short, I’d recommend a trigger interval of 4.0 points. The current micro-selloff could change that, so check with me before you act.

 

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