16/03/10



Entered long on: 1) XLB (the strongest among 8 leading sectors during the session) and XLF (3rd strongest) posting higher highs, plus 2) ES failed to push below VWAP. Soon fixed, cause there was no $tick upside move confirmation.

But it seems like today was just the repeat of yesterdays session w/ market posting fresh highs w/ no $tick confirm. Nevertheless, later, $tick & $add did post higher highs. On behalf of that, plus XLB (strongest) finally posted higher high, I have reentered long. Fixed on: 1) no NQ confirmation at a place and 2) not so bullish internals to continue strong upside move.

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ES (S&P 500 E-mini futures) trading
by Meques Moscow Finacial