Jul 202010

It was a fairly short morning as we got a short trade opportunity in our first level of 56.75 / 59.  The ES meandered around for the first 20 minutes or so and then finally broke into the first large short area.  After one rotation down, price moved up again to 58.75 a few ticks above our short level.  On the next rotation up, we had a nice price failure bar with buying up top and strong selling (relative to volume) below.  Other than a few large traders being trapped at the top of the bar, this would a good short setup with enough room to use the VWAP as a target.

 Posted by at 12:34 pm

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