I think we are heading to 79.40-80.50 very soon. Getting short on 1 here at 83.15 with a buck and a half stop initailly. May add closer to 84 or cover sooner or later depending on price action.
I second that opinion. I would be especially careful about plunging in long here. At the very least wait until we retest today's low or thereabout. Oops, forgot that I'm supposed to shut up for this entire week. :eek:
Schiz, couple questions: 1. Why are supposed to shut up this week? 2. What is the win rate of your "what the hell" trades?
A bit off topic, ive noticed the ES has been easier to trade lately. It was quite the opposite until a couple of weeks ago.....CL had been trending pretty hard/consistently, and ES was ranging like 5 points per day. Now ES is ranging 15 points per day, and CL is chopping back and forth (ok, CL is still pretty good, but there has been a notable change).