At around 9:40AM this morning E.S.T. we had a beautiful shorting setup in the ER2.

The markets had gapped up & I was looking for a possible gap fill. The 55-tick chart formed a very nice Head & Shoulders pattern with a multiple TRIX Divergence.

The Volume on the 2-minute chart was drying up significantly as price rallied and then the reversal happened. Accompanied by a TRIX Hook to the downside right at the Overbought area.

This breakdown coincided with a break of the H&S neckline & a Vol- reading.

It was truly a thing of beauty. One way you could have managed it upon shorting would have been to wait for a close of a 2-minute candle above the high of the low bar. You can’t see it from this chart, but that would have taken you from 708.50 to 701 for a $750 gain per contract in just over 30-minutes worth of work. And what a coincidence, that would be right in the neighborhood of the gap fill.

Hapy Trading!