ES Trade 6 July

0056h EST ES have tested 884.25. Put a toe across and rejected. Both 54 and 100 EMA are sloping downwards, no signs of even flattening. My guess is that it will retest 884.25. If you weren't greedy and bought 884.25, you should have exited 888.50 to 888.75 and reversed. The projection asked for 888.75.

Here is the 10 min chart for the Globex open.

0255h EST Tried counter trend poke at 886.50 x2
0301h EST +1 pt insurance 887.50 stop 885.75
0304h EST stopped +0.07 pt. Broker gets free lunch.

0700h EST gave the 88.6% retrace a try. The down projection was 882.50. Long 882.75 x2 If I make an educated guess, coming back from a long weekend, RTH might be bullish. This pattern has been happening most of the time. We will see. We have a nice double bottom.
0704h EST +1 pt 883.75 insurance bought. Stop 882.00

0720h EST looking good. Placed my last contract for an exit at 891.50 tentatively, stop is unchanged. If it comes back, the broker gets his 2nd free lunch today. This is the 30 min chart showing bullish divergence.

0725h EST slammed into the 54 EMA. This is the 2nd attempt at the 54 EMA on the 10 min today.
0807h EST still looking good. At least this time a toe across the 54 EMA. Projection since that swing low is 891.50. Exit placed there. Stop will be moved to 883.50 once a breech of 886.50.

0835h EST it did not breech 886.50 but still I move my stop to 883.50. I'll bail if it fails to breech 886.50 and goes below 885.00.
1000h EST exit last ES 891.50 +9.65 net for ES. TF trades did not perform today. Long 493.7 x4, +2pt at 494.7. Moved the stop for safety to 492.4 and was stopped. -0.76 on TF. Daily objectives met. Done for today.