Working a Market Sell Signal

(Click to enlarge)

A while back I alluded to a trading system that I was developing. It looks for price highs and lows in the market, followed by failing momentum, with a logic similar to the transition patterns I have described.

Note that 1072.50 in the ES contract (above) represents the high bounce from Monday afternoon's selloff and more recently has acted as resistance during the overnight session between Monday and Tuesday. The system is a seller of ES as long as we stay below that 1072.50 level.

Comments

[Joe Shareho...:]

Due for a pullback, sp can't go seven in a row

Oct 13 08:56 AM

[Albertarocks:]

On Oct 13 08:56 AM Joe Shareholder wrote:

> Due for a pullback, sp can't go seven in a row<

Yes it can, but the odds are 128:1 that you're right. lol

Oct 13 05:42 PM