ES1!, Trailing Stop Triggered For Scalp Short on the Daily
S&P 500 mini futures remain in a clear downtrend on higher time frames since February 24th according to our Directional Bias indicator.
Meanwhile, our Breakaway Scalper indicator has given a short signal since March 9th. Today, March 24th, the built in trailing stop loss for the Breakaway Scalper was triggered.
The market has rallied on hopes a coronavirus stimulus deal is near. Despite this, given the strong bearish trend, we will be looking for another short signal from our scalper to indicate more downside.
Meanwhile, our Breakaway Scalper indicator has given a short signal since March 9th. Today, March 24th, the built in trailing stop loss for the Breakaway Scalper was triggered.
The market has rallied on hopes a coronavirus stimulus deal is near. Despite this, given the strong bearish trend, we will be looking for another short signal from our scalper to indicate more downside.