ES short momentum on the hourly continues

After the nearly full body red candle on close, ES continued to set a red 9 on the hourly, traders should have been expecting a price flip on SPX futures however the current green 1 is capped by the red trend momentum indicator indicating minimum upside over the next hour. Traders can short ES1 at the resistance area at SPX 2673.

Trade active:

Will enter this trade if any of these 3 criteria are met:

1) 2673 is hit. Leads to entering a short
2) Green 2 is below the momentum indicator which is still present after this current hour. Leads to entering a short
3) A new red 1 is set, which is followed up by a red 2 which takes 2657 out. Leads to entering a short

Comment:

SL 2678

Comment:

Scenario 1 played out, stop entry at 2673

Trade closed: stop reached:

stopped out at 2678