Selling the buyer failure at the highs allowed us to sell the high and pull in a HUGE 126 ticks this morning! http://www.sidewaysmarkets.com/2016/02/trading-opening-drive-on-e-mini-s-500.html
In today’s video we see the E-Mini S&P 500 Futures working higher and getting very weak on the high leading into a sell.
This gave us an opportunity to sell the breakdown move back lower for $1,575 on the trade with only 3 contracts!
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Price Action Trading is all about knowing the day type and knowing how to trade it at the right place at the right time. A move up like this is expected to see continuation and the movement through the highs continued to get weaker and weaker showing buyers failing and sellers taking over which gave us the signal to sell it right back down!
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