Trade all day, short and choppy lower, and then get this kind of move at the end of the session on the ES/SPY (CFD) 30-min chart, importantly, importantly after the close of the cash session.
Once again, someone is really working the thin volume, and if it weren't for me adhering to Ira's guidelines, they'd be working my last nerve, too. It's too bizarre that in five minutes someone gets to move the market almost half as much as it moved in the entire day. The day session has the volume, and this?
Avoiding this kind of scenario is what a recognition of chop will do for you.
Have an excellent rest of the evening,
TraderJoe
Any idea on the count. Thanks i am lost
ReplyDeleteUnless we had a flat today
DeleteI have very little confidence in the count but it's acting like a triangle with the whippy waves, so maybe a 'b' wave triangle within the B wave triangle. Again, not sure. TJ.
DeleteThanks
Delete