Answer: Right after a failed short covering rally, when the ES bulls cannot maintain above the Bull Bear key level and drop right back into the range we just reclaimed. Any ES futures trader can expect an even larger move down the chart.
We don't map out many shorts, but when we do, they often pay.
"Possible short idea for the aggressive trader with perfect risk management. Require us to get back under the new Bull Bear Line. Select a reasonable stop above the Bull Bear Line. The risk-to-reward on this trade could be great. At least require ES to reach the Strong Range there around 7810. Try to get some confluence with the other indices. If this up move today fails, we could collapse hard."
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