Sep 112012
The ES spent the first hour grinding up towads the 1438.75 major swing high. I had my high day frame set at 1434 to 1337 and I wasn’t sure which side would hold. The bottom contained the R1 pivot, which for a while looked like it was going to hold price down; enough so that it got me into a short trade below it. That turned out to be a very low place for an entry as price pushed higher into the back of the DTG 33.25 level and the back of my 1437 high frame. Any short trade above the first push high (1434.50) into the DTG 33.25 level could eventually be profitable. It took most of the day, but price finally moved down into the close (1430.25).
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