More Range Trading
Look at the ES Hourly graph for past few days. ES has largely been confined to the range between 908.5 and 919. This graph is from 3 hours ago. And not surprising that about an hour ago, a rally attempt in ES was rejected precisely in the 918-919 region.
ES did make a foray out of this trading range, but swiftly returned back on Tuesday. Let us see what Wednesday presents itself with. I will continue to trade in the range unless proven wrong. I will be looking at TICK to tell me if we have broken out of the range and are trending.
