This Is Why You Should Watch Prior Highs Closely
At 10:30 AM, ES (S&P
E-Mini) broke above the upper Bollinger Band and hit a new high of
the day as you can see on its 3-minite chart below.
10:38:27 (from TradersWire)
|
Action |
Symbol |
Order Type |
Setup |
Stop |
 Target |
Current Price |
Posted By |
|
Sell |
ES | sell at the market | pullback | 1157 | 1154 | 1155.50 |
TK |
It was a bullish wide range bar, but
ES could not close above the prior highs. In fact it immediately reversed and
fell back below the upper band. Notice the stochastic was also starting to turn
down. I placed a sell order at the market.
10:44:17 (from TradersWire)
Follow up on ES
It has hit our target. Cover half and move stop to breakeven.
If you have questions, feel free to
mail them t me.