They ran the equal highs on the SPX earlier (that's what I
see creating liquidity and soon after your get a pullback).
The break takes out stops and gets some traders to chase setting
the trap and then reverse. Down 20+ points since
Now 30+ points for that Bull trap (divergent high). It's
a hit and run market of late - for swings have to ride through the
chop add weakness with stops
Newsletter
Subscribe to our email list for regular free market updates
as well as a chance to get coupons!
They ran the equal highs
5/1 ES Levels June Contract (ESM24)
Posted by steve on 17th of Oct 2023 at 01:23 pm
They ran the equal highs on the SPX earlier (that's what I see creating liquidity and soon after your get a pullback). The break takes out stops and gets some traders to chase setting the trap and then reverse. Down 20+ points since
Thanks as always Steve!
Posted by DK on 17th of Oct 2023 at 01:39 pm
Thanks as always Steve!
Now 30+ points for that
Posted by steve on 17th of Oct 2023 at 01:53 pm
Now 30+ points for that Bull trap (divergent high). It's a hit and run market of late - for swings have to ride through the chop add weakness with stops