Bullish sentiment continues as the market is bid up more in the overnight session.
If the ES can continue to trade above 1171, watch for potential range extension up to 1178-1180. It is unlikely that we will see trades price the ES higher than that today, but looking ahead to tomorrow, the next level to watch is 1189-1190.
On the other hand, if the ES breaks down below 1171, watch for potential gap fill to 1165. Next level below that is 1160.
Market very bullish. I haven't forgotten about considerations to begin a scale-in swing short position, but there are not yet any signs to begin that play.
Subscribe to:
Post Comments (Atom)
Short ES 1170.50
ReplyDeleteLooking for anywhere from 2 points to gap fill at 1165 on this trade.
ReplyDeleteTrade has moved back up against me now, back above 1171 and back above the VWAP, I will look to cover this position for a scratch if I get the opportunity
ReplyDeleteCover at 1172
ReplyDelete