ST momentum model SAR @ ES 1211.50...

from an email sent out at about 10:15 this morning:

Hi ______,

Looks like we'll have a CIT today or tomorrow (tomorrow would work better from a fractal perspective)....

and it wasn't too long afterwards that my short-term momentum model did indeed signal a SAR back to a SELL at 12:05 and at ES 1211.50 for +14.0 on the last swing.

from a fractal perspective, i think tomorrow has the chance of either making a nominal higher-high, though it could also fail with a truncated fifth of fifth...

OR

we take off to the north again, and my system reverses again with a potential small loss, however i don't favor this latter scenario from a fractal and fib perspective... but as always... twt.

--tsharp
http://www.swing-trading-systems.net

from an email sent out at about 10:15 this morning:

Hi ______,

Looks like we'll have a CIT today or tomorrow (tomorrow would work better from a fractal perspective)....

and it wasn't too long afterwards that my short-term momentum model did indeed signal a SAR back to a SELL at 12:05 and at ES 1211.50 for +14.0 on the last swing.

from a fractal perspective, i think tomorrow has the chance of either making a nominal higher-high, though it could also fail with a truncated fifth of fifth...

OR

we take off to the north again, and my system reverses again with a potential small loss, however i don't favor this latter scenario from a fractal and fib perspective... but as always... twt.

--tsharp
http://www.swing-trading-systems.net

[edited-out previous chart]

<{POST_SNAPBACK}>

welp, it appears that we *almost* got that nominal new high today... ggg

as of the close, my short-term momentum model is still on a sell from ES 1211.50, but right on the cusp of an attempt to reverse back to a buy...

but with the tweezer top on the daily, and a potentially completed five waves up, i don't favor higher prices here... but as always, we'll have to see what tomorrow brings.


--tsharp