Basis for Scalps: Go long when 8 period EMA of $TICK close is greater than 20 period pivot ((H+L+C)/3) average of $TICK (Green dotted line on $TICK chart), and vice versa for shorts.
First was a long scalp at 0950 ET with a 1.25 point Drawdown and 5.75 point Maximum Gain. Second was a short scalp at 1018 ET with a 0.5 point Drawdown and 5 point Maximum Gain.
The ES Market is making higher lows, but has yet to make higher highs. It is currenly forming a wedge formation at Mid-Day.
Interestingly, the $TRIN is becoming more bullish.
Charles
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