Still no much new to say, normally after a big trend , it should be ranged for a while before it goes to another trend. So in the trend line picture, its slope will cross over 0 sevral times in this period.
And I personally still believe, this trend was over when last time I posted here. Now even the slope of the trendline is above 0, I think it is typical oscillation. And since personally, I think no much room to go up, (Further more, as today, it likes it forms double tops around 930) I believe the next trend is down.
If you trade index futures, I suggest short on an up as I said last time.
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good picture. so what's your trading plan today?
ReplyDeleteI don't trade stocks.
ReplyDeleteRecently, I start to use my model to paper trade the ES futures, the foxswing short ES @901.25 on May 18.
Foxswing is a reverse system. The risk is high right now, although profitability is good too.
So, please don't follow.