The (little) rebound in the NQ & SnP are relative small if compared with the longer time frame charts.
But the Yest. +/-1% rebound was perfect to take as a Scalp trade.
When 2 different Time Frame charts give " conflicting" info, I only do Scalp trades.
Once the longer TF Swing charts show a clear up direction again, its time to look for Swing trades as well.
But it could be the beginning of a rebound.
NQ needs to get and stay above 15.400 zone
SnP needs to get and stay above 4520/25 zone
RUSSEL still very Bearish. Needs to get and stay above 1950
DOW still very sideways. No DOW trading till it shows some form of direction/trend. Now (so far) endless trendless.
But the Yest. +/-1% rebound was perfect to take as a Scalp trade.
When 2 different Time Frame charts give " conflicting" info, I only do Scalp trades.
Once the longer TF Swing charts show a clear up direction again, its time to look for Swing trades as well.
But it could be the beginning of a rebound.
NQ needs to get and stay above 15.400 zone
SnP needs to get and stay above 4520/25 zone
RUSSEL still very Bearish. Needs to get and stay above 1950
DOW still very sideways. No DOW trading till it shows some form of direction/trend. Now (so far) endless trendless.
"It's better to be out wishing to be in... than to be in wishing to be out!