06/29 ES DT

From misc

Today has some classic textbook setups.

1. Opening big gap down, naturally looking for the 06/09 gap filled at 1151. Today is large range day, so the scalp size is 2 points, instead of 1 point.
2. After sharp down, short at bar 6 LOW 1, for scalp.
3. Bar 9 LOW 2 and bull trap, for MM target.
4. Buy setup is at bar 14, but conservative traders can just wait for short setup.
5. short at EMA area at bar 21, tick forms ND in shorter time frame. ES didn't even touch EMA before going down for at least a scalp. It shows aggressive selling. But Market should have another leg up.
6. Shorts continue to short at EMA at bar 35 and 36, it tested low this time. But it's unlikely for market go straightdown at this point.
7. Bar 57 is EMA gap 1, bar 60 is EMA gap 2. Target is retest the low or forming the new low. Bar 60 is a gift. Stop is the bar high. Still the day is range day so far, at least scalp half position.
8. Bar 65 went down then up, traps both bears and bulls. Normally it means big move ahead.
9. Bar 68 is another excellent entry.
10. At this point, it's reasonable to expect market test 05/25 low and 02/05 low. It broke 02/05 low marginally, then bounce.