Taking a stab at a trade here. I will stop out if ES moves below 1140...
EDIT:
See comments for additional thoughts and trading action
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Exiting my position for a scratch at 1152. Not enough buying coming in which makes me suspect we could revisit the lows. Still looking to get long this market but willing to try and get a better price...
ReplyDeleteHead and shoulders target reached at 1146 on the ES. Potential long opportunity definitely upon us. Waiting for a better trade signal though before I enter into my long again...
ReplyDeleteKeep in mind, while there is a potential long opportunity here, there is also the chance of a significant break lower. I will not defend any longs and I will not add on to any longs. This is not the timing to add onto a long position, the risk for significant loss is far too great.
ReplyDeletePotential bottom forming here, but I will not chase the long entry. Will consider buying on a dip back down to the lows (currently at 1114.75 ES)
ReplyDeleteOK so we are back down at the lows, but I'm just watching, no longs for me yet... no thanks...
ReplyDelete