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Saturday, November 10, 2018 9:49:08 AM
ES (S&P E-mini Futures) Poised for Next Up-Leg
By: MPTrader | November 9, 2018
ES closed right on the lower lip of the intraday key resistance window (2780), and above its 200 DMA (2771) suggesting to me that the "minor pullback" from Wed.'s recovery rally high at 2818.00 to 2764.50 is complete, and that another upleg is in progress that projects to the 2830/50 target zone (as we have been discussing for the past two sessions).
Next week, we will refocus on the best way to participate in the move, and the use of reasonable risk management parameters without getting chopped up by the volatility. I know from my colleagues and friends who have been in this business for decades that I am not the only one challenged by recent and current volatility (risk management) issues.
Any and all suggestions are welcome...
https://www.mptrader.com/middaymarkets/ES-Poised-for-Next-Up-Leg-20181109113592.html
• DiscoverGold
Click on "In reply to", for Authors past commentaries
By: MPTrader | November 9, 2018
ES closed right on the lower lip of the intraday key resistance window (2780), and above its 200 DMA (2771) suggesting to me that the "minor pullback" from Wed.'s recovery rally high at 2818.00 to 2764.50 is complete, and that another upleg is in progress that projects to the 2830/50 target zone (as we have been discussing for the past two sessions).
Next week, we will refocus on the best way to participate in the move, and the use of reasonable risk management parameters without getting chopped up by the volatility. I know from my colleagues and friends who have been in this business for decades that I am not the only one challenged by recent and current volatility (risk management) issues.
Any and all suggestions are welcome...
https://www.mptrader.com/middaymarkets/ES-Poised-for-Next-Up-Leg-20181109113592.html
• DiscoverGold
Click on "In reply to", for Authors past commentaries
Information posted to this board is not meant to suggest any specific action, but to point out the technical signs that can help our readers make their own specific decisions. Your Due Dilegence is a must!
• DiscoverGold
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