Emini S&P 2hr update - Sideways Trading 1-3 days

19 May 2020

The chop phase finally got started after the strong rally. I am looking for a series of cycles today and wed as the market chops with a slight up trend. As i mentioned yesterday, but the dips versus shorting. I highlighted that the bear biased schop systme is still in "off" move and I do expect this to come "on" today and shorts will be profitable but the market has a bull tilt (as always) so buy dips. The long algo is shown with a long position. Avg winning trade on this chart level is 9 points ($450)