Emini ES - Fade

Longer view see the down trend and bounce to the 200SMA

Setup

(Double Click Picture for a Larger View)

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Stock: Emini ES

Entry Bar: 11:30
Time Frame: 5 minute
Entry Green Line: 1172.25
Stop Red Line: 1174
Result: up to 8 points
Notes: Very nice pullback to the 200sma and red candle. ES was very weak this morning compared the NQ. Nice risk reward.

* The setup grade is based on rules outlined in my business plan & not for the end result. Feel free to post any trades you made today that you would like commented on.