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I had a very nice looking high probability daily RSI5_NYMO buy signal brewing a few days ago but it never fixed and was run over in the collapse upwards from 2000. I now have a new signal brewing and if that fixes, then we should see at least a decent retracement. SPX daily chart:
One thing I have always admired (and envied) in our host, it’s his top class ability to summarize clearly a trading idea in one single clean chart, so today I am going to make an attempt at copying Tim, to suggest that ES is now a WEEKLY SHORT trade (the rationale behind this setup IT’S NOT IN THE CHART HOWEVER, it was explained 2 days ago in this post).
