Tuesday, July 13, 2010

Short ES at 1087.75

We have filled the gap this morning from the close on the 28th of June. We have also gapped up this morning from yesterday;s close. My target is to fill yesterday's gap at 1075. I like this short as long as we don't move above 1091 on the ES. Overall however, we are seeing some bullish action. I will look for opportunities to get long in the 1070s.
Posted by Verde at 9:42 AM
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2 comments:

  1. VerdeJuly 13, 2010 at 10:04 AM

    We had a nice breakdown off the 1088s, but we stalled when some hefty responsive buying came in at the 1084s. This makes me not want to defend this short any longer

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  2. VerdeJuly 13, 2010 at 10:27 AM

    Still holding the short, starting to look better now. Will probably cover if we move back up to 1090, but will still look to get back in short again a little higher up

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