18/06/10



As the volatile session was coming to its final part I have opened the long position on:
1) industrials and tech sector - the 3rd and the 2nd weakest sectors - have posted higher highs;
2) $add made higher high, unlike ES equal highs;
3) internals were in favor, bullish: 2 $ticks above 1k vs zero $ticks below -1k.

But soon I had to fix small loss, cause a huge bunch of issues have appeared, calling for the market slide:
1) consumer discretionary sector - the weakest during the session - posted sharp downside move;
2) there were no ER and NQ higher high unlike ES have posted;
3) new bearish divergence w/ 3/10 oscillator and $tick confirmation have appeared;
4) no $add 2nd higher high unlike ES;
5) $vold was even more bearish with no higher highs at all.
The market in fact continued to oscillate near VWAP for a while after what have slided, like 5 issues above were calling for.

Btw, attention!
Right from now I do stop reporting here about all trades I do open.

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