
Interesting dynamic happening on MNQ and MES on the 1-hour chart. MNQ is still trending down, while MES has broken its downtrend and is now using the trendline as support.
Remember, the trend is your friend overall. The reason I’m posting this is because overall trend direction matters when we trade—but the big boys (market makers, hedge funds, big money) will still do what they want, as you can see with the dips above and below the trendline.
So the takeaway here: be cognizant of the trend direction, and if a signal presents itself in that direction, that’s one more piece of confluence. Bottom line—make sure you know why you’re taking a trade, not just because an indicator gave you a signal.