ES short trade

2022年3月7日

3.6.22 ES: I think the ES is going to trade lower, unfortunately were a little late on a trade tonight since the market has traded lower off the open. Basically, I started the analysis after I started the video. I gave stops that were a little too rich. As I listened to the playback, I should have specifically stated that if you were short after the open on today's bar, the best thing would be to have a stop right above the high of this bar, and this way you keep your stop reasonable even though you might get stopped out on the intrinsic volatility of this market. I wanted to clarify one other thing that I said. If the market does trade lower to those support lines, there may be profit-taking, or there may be buyers trying to scalp the market higher, but I think the market is on its way to trending closer to the 382 washing and rinsing buyers and sellers.