Closed long ES today @ 1108.25, gain of +17.25 points.
30 minute V Stoch is approaching buy territory with Buy/Sell Vindicator still solidly bullish. If that V Stoch bottoms out below a reading of 25 AND the SPX is still in the up channel from 6/8 it will be a decent place to try another long entry. The Sell line is bottoming out again which is a contradictory signal. However, in the first part of the rally last winter from early February to mid-March the Sell line went to the bottom of the chart and just stayed there, while during the same period long entries based on the 30 minute V Stoch bottoming worked quite well. So if this is a similar period the Sell line signal should be ignored. That was part of the thinking with the long ES entered Monday and closed today, and that trade worked out well.
