I am now biased to the long side as the ES traded down to 1086.25 in the overnight session. That is 21 points off the highs and is the first sufficient pullback in the current rally. Today could still prove to be a choppy consolidation day, but I like buying the down-tick at this point.
This is a late post, but I needed to sleep in a little this morning.
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Initial upside target 1104-1105. Consider short scalp at that price
ReplyDeleteLong ES at 1097.25
ReplyDeleteLooking to at least retest the highs and to potentially make new highs at 1104-1005.
ReplyDeleteStill holding the long though ES has broken down lower... Could have exited the trade for scratch as it ticked back up to my entry, I probably would have, but wasn't watching the screen. Would have given the opportunity to get in again a little lower. Still, not too worried about this position. Will think about exiting if we trade below 1093
ReplyDeleteTook profits on this trade at 1099.25 for two points, will enter again if we tick back down...
ReplyDeleteLooks like I got out too soon. Was expecting a down-tick to let me get back into the long. It didn't happen. Looking for an opp to get long now. Consumer credit report shows positive number
ReplyDeleteLong again at 1098.25
ReplyDeleteIf we tick down now below 1097.50, I will look to scratch this trade on a tick back up to my entry. Otherwise, I will look to hold this trade into the close...
ReplyDeleteScratched, sold at 1098.25
ReplyDelete