A nice 50 point sell off in ES after market open today. I miss these one directional moves that were so common in 2022.
I had a very good day after quite a few trading sessions seems like, catching most of the sell off.
My edge/setup appeared perfectly at 9.45 a.m. - blue arrow - retracing off the 50 EMA and then timber.
For us daytraders these are the days where we make back the annoying R1 paper cuts. The bold amongst us even add to the winners having massive days.
The selloff started overnight at 6 p.m. probably anticipating a US government shutdown at the end of the week because congress can’t keep their house in order. A survey of Consumer Confidence at 10 a.m. did not help and further added pressure to the market.
The ES gave one more chance at entry at 10.45 a.m. - orange bubble - and then she ran taking no prisoners.