Some Notes On MES

23 בספט׳ 2021

Possible PEMA confluence on the daily. Expect either price to crossover or a test with bearish confirmation. Weekly pivot trend analysis says we should be taking shorts more often this week. Today's daily pivots tell me we are slightly bearish but I will look for price to trade in a tighter range throughout this session which may lead to a breakout session on Friday.

Also, note the thick red dotted line is a major POC. If the price is above I am overall bullish and if the price is below I am overall bearish. Taking intraday trades in the direction of this line plus daily sentiment will help.

Please comment if you agree or disagree. Let's chat!