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OK, the short trades were the easy ones for the day. I was one day early and had to fight through a lot of chop yesterday, but following the plan paid off to more than compensate today so far.
For a much more aggressive trade possibility, IF crude is going to find support, this area would be a good place for it. Today being Friday, shorts have made a good profit and may want to get flat before the close, and depending on how many and whether or not the selling pressure has diminished sufficiently, we COULD see a small rally into the close with the yellow zone as the base area.
As of this moment, I would not be anywhere but short in this market, but am flat due to below.
had similar thoughts about a breather for shorts. uptrend from the lows is still intact. for TF that is. plus 666.6 was an interesting level to go long. see if it can go to the 674 area.
We are there for anyone brave enough to buy. watch for volume first... One thing I DO NOT like, is the ES is so close to blowing the stops at the previous low pivot.