Market at overbought levels just ahead of the employment numbers. Key resistance looms overhead which is setting up a great short opportunity.
1228-1229 represents key resistance on the ES. I will be looking for a short opportunity at this level. If this trade works in my favor, I will be looking for 20-30 points. Be careful defending any short entries in what is an extremely bullish market.
I will post my trade in the comments if/when I take it.
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Employment numbers way below expectations. Missed the trade entry, market sold off so fast, I couldn't get in. Looking to sell the up-ticks now
ReplyDeleteShort ES at 1216.75, The first of what will be many scalp short plays today. Looking for 3 points here
ReplyDeleteScratch this Short, Look to get back in at 1218.50
ReplyDeleteI can't post all my trades, but my basic strategy is to short the up-ticks. I anticipate that ES trades down to at least to the low 1200s today and eventually down to 1193
ReplyDeleteFlat, Don't want to be in a trade here as it would only be a wild guess to see how we will open trading next week. Close is bullish.
ReplyDelete