ES Bull TREND Still Very Much Intact

Futures Trading Review of last night's S&P E-mini Trades. It is never easy trying to trade on Fed days. As for yesterday, the initial consolidation & indecision gave way to a breakout at around 3.15am (singapore time). There was no real threat to PRICEs failing, as the breach of support (at 11.00pm, Singapore Time) was not strong (B-PPF). After that, it was Higher PRIME Highs and Higher PRIME Lows. And once a decisive breakout happened, the higher PRIME Lows would have given ample time to go LONG. Of course when you trade PRIMEs, your Stop Loss levels will be much much further away. Towards the close of the session, PRICE has yet to fail, and we could possibly see further bullishness tonight. Do watch out for last PRIME Support at 1437.00 on the Trading Chart for any breach to give us a warning signal for a change in direction.

10:54pm Still no failure in PRICE on the upmove.
11:23pm A possible PRIME PPF of Resistance to go SHORT?
11:52pm Nope. Didn't happen.
12:26am SHORT 1444.25 / STOP 1445.50
12:30am STOPPED at 1445.50 / - 1.25pts
12:31am Will try another SHORT.
12:34am One thing never ceases to amaze me. When you take a Minor PPF of Resistance to go SHORT, PRICE will just want to go back up to challenge Resistance in PRIME.
12:38am SHORT 1446.25 / STOP 1447.25 - PRIME PPF of Resistance, and with TREND Chart pointing down. This SHORT has to take out 1444.00.
12:42am Keeping this STOP tight. Moving it to 1446.50.
12:49am STOPPED at 1446.50 / -0.25pts
12:55am LONG 1446.50 / STOP 1445.50
01:01am Moving STOP to B.E.
01:03am Out at 1447.50 / +1.oopt