ES Has Topped

Tonight was just the budget which allows for reconciliation. Tax cuts still have a long road ahead.

 

Ah, yup...good call, mistype.

But still, it's through the senate!

 

Hmm, maybe I shouldn't short it then.... let's see what Europe does.... the world is looking green at the moment....

 

F&^ckin politics... so what is it? Senate approved the budget blueprint... so not even the actual budget yet? And no tax-reform yet?.... this chat is messing me up... and it's Friday afternoon already... I need a beer.

 

Back from Rio. ES has topped again for a while. Short here at 2565.75. Initial stop 2597.00

 

Well maybe those bikinis will initiate a serious sell off with some meaningful WEEKLY follow-through! (lower lows and lower highs in order to attract noteworthy commercial order flows)

I wish you good fortune.

 

Continuing short here.

 

This still from your 10/23 call? I'm actually in rare agreement with an ES bear. (That should probably scare you more than comfort...lol)

 

Yes

 

The central issue here is how brief the down moves last. Look at the lows versus the settlement on 10/19 and 10/25 - those down moves are getting snapped up with great enthusiasm.