Actionable Trade-Alert
from Rick in the Trading Room
(Please check all related discussion in the room before you do any trades.)
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04:26 |
ES is weaker than we’ve seen in quite a while, especially considering the hour. It showed no deference to 6834.50 (see above), nor is it getting much of a bounce from the next Hidden Pivot support below it, 6805.75. I would have attempted bottom-fishing there as well using TI=10.75, but the trade already triggered an hour ago and is getting stopped out for a loss at this moment. All of this is unusual enough that we should be on our guard against the possibility that this is the start of a major selloff. |
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