Value and trend ....if you take the 200 day moving average of the emini S&P current 1091 ..it clear the market has moved to the high side ..however the over all trend is sideways ..if you look at the US unemployment figures thre has been no sigifigant change in those numbers over the period of this data set..the market won't trend untill there is something to change it's value. and thats why it remains horozontal.
There is always going to be a reason to fade prices that do not represent vaule..so as we are currently higher than value I'm looking for a reason to initate shorts.So if the longer trend rules in this case.. horozontal.. then the play is to fade the medium term trend when the time is right .
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