Friday, August 13, 2010
Market Outlook Unchanged for Me
Yesterday was a bit of a consolidation day after Wednesday's sell-off. Great short opportunity in the Globex session last night as the market ticked up to Wednesday's closing price area. Today is looking like it could be another day of sideways consolidation but I continue to look to sell the up-ticks as I anticipate the market filling the gap from 7/21 somewhere between 1060 and 1067 on the ES. We could even see lower lows than that. My outlook will change if we confirm a move above 1092 on the ES. Until then, I will continue to look for opportunities to sell the up-ticks...
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