My levels for today are, 865 & 873 for support, and 882, 891, & 897 for resistance. The first pullback after an 1800 tick trend change is also something I'm looking for. All trades off S/R levels will be real from here on, and for the first couple of day's I won't document my Sim trades until I get a feel for what I'm trying this week.
13:10... The market turned up just under the 873 level and keeps going, I've only made a few sim trades so far, and a monkey could have done a better job. This trending environment is one that I've just not gotten the hang of yet.
13:21... At 892.50 we're bumping up against the H&S neckline, this is also just under the 50% retracement level of the recent decline.
Review... The market's choppy and moving sideways as it sits just above the neckline, there's little chance of finding anything at this point. I'm down 4.50 points on the simulator, those trades were a joke today. For the cash account I didn't see anything all day. I really need to come up with a strategy for these trending day.
The ES 1800 tick chart;
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