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Hi
Yesterday turned out to be an exception on Emini S&P 500 Futures contract, no bar closed below 20 ema line during regular hours. How anyone should decode this abnormality? Is it simply absence of strong sellers? Or a sign of changing market dynamics? Does anyone know when was the last time a bar didn't close below ema?
Best
NK
Hi Nagesh.
Al describes it as a 1 in 200 probability event. And as traders, we consoder probabilities (relating to the current bar/s and the context), risk and reward in our trading decisions.
The ema is a guiding line only.
To me, if I were to try and read anything more into it I would be over-analyzing.
Hi Graeme
Thanks for sharing your views, it's a hard lesson to digest especially when trying to scalp in the last hour. This reminds me to stick to only 10 best patterns nothing more.
