BEARS get a good set up!

The ES has been lagging. The NQ skyrocketed to new all time highs while the ES barely could get above the year high going above by 2 points. The IWM broke the 156.5 low I mentioned in the morning game plan – a bearish tell. With the VIX at 11 putting on a trading short was a low risk- high reward set up. So far the NQ is still hanging in well while the ES tested the 2900 area again and held. I think we will see some more back and forth action for today and for awhile before the market makes its next move. Remember as a trader we need to take one set up to the next.

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