Who cares if the market has hit bottom?

Amid the turmoil in the markets this week, followers of TdN have done well — especially with intraday trading guided in our chat room. Today, we capitalized on the downtrend that continued from the overnight session, while noting that ES persistently found support around the S1 area (1120-21), so that was a good place to close short trades each time. Our analyst also noted that ES would have to climb above the 1128 area before it could be considered to have enough momentum for a rally. The market toyed with climbing over 1128 through the latter part of the morning session, before climbing substantially higher during the mid-day session. 1128 was tested several times, giving opportunities to go long for anywhere from 10 to 30 points for each swing. The moves during this volatile time can be amazing for traders who are pointed in the right direction with the market, as we emphasize at TdN.