Phileo's Post
dbl bottom @1563.5 on ES.... not very actionable since we are still in a narrow trading range....
4 Replies:
When was the first bottom, 11:00? the 11:00 "bottom" looks more like some random, high volatility price spikes. Hard to trade that.
not if you look at it on a volume chart.... but I agree, it is not very actionable, esp. with the low volume we are currently having...
the PnF (0.5/1) also says dbl bottom @1563.5, but solid resistance @1565. The kind of resistance that needs significant volume to push thru....
Interesting. In this tight range, I'm staying out. Still hope that we can get a move around 2-3
