Sell signal on the trend/osc system today at 11 AM (CST) so the long ES position from 1075.50 was sold at 1091.50. Like earlier this month a little frustrated with the gain, could have been a lot better. But a 16 point profit is still $800 to the good per contract and a damn sight better than a loss. Market was pretty oversold when the sell was generated so waited on establishing a short position until the 30 minute V Stoch had bottomed and was approaching overbought territory. Short ES position subsequently established at ES 1097.00 with a stop and reverse at 1115.00. Probably should have waited to sell long position at that point as well.
Vindicator Buy/Sell lines are not giving a clear signal, although the Buy line did cross back above the Sell line in the afternoon, which casts some doubt on the bear case. Meanwhile, the 30 Minute V Stoch topped in overbought territory and looked close to rolling over later in the day, which supports the bear case.
