When stocks, futures, or ETFs are hitting new highs, you have to expect that they will continue to do so. This is true for all time spans. The same thinking must be used in reverse when equities are falling. You have to expect that they will keep on going lower.
Going against that trend is the tough trade, but if you can find that edge, you must take it.
Today, the e-mini SP 500 was continuing in an uptrend. For most of the morning if you tried shorting, you had to be quick, or get stopped out.
Finally a decent edge came. A lower high after three drives higher was a good spot to try a short. This one worked. It may not have, but the reward/risk was in the trader’s favor.
