Trend Day Down

Yesterday was a trend day down in the stock indexes (indices?). What that means for me is that if the market retraces some of that move before the open of the next session, I look for a place to put a trade on.

In today's case it was the ES. I was up at about 4.30am London time and had to wait until after 7.30am before my trade appeared.

Price had been trading above the 33EMA on the 2 minute chart. I used 2 minutes as the volume is thin in the Asian session of ES. The Picture tells it all.