ES Journal - 2013

spx

 

spy

 

fed x leading the transports

 

add 1612.25..avg 08

 

First short this year I think.

Short 1612.50, stop 1620, target 1598-

 

me too. sold a little higher than you.

 

me too - sold a bit lower than you

 

Haha.

Either chop or rolling down till close.

 

Scaled in large size, target could be 80-100 points lower based on price action. Same stop,

 

you could very well be right...looked at the 52 week high/low and we are almost 400 freaking points above the low....problem is..guessing when. When there are no meaningful pullbacks then 100-200 pt drops are more probable. Playing the drift upward but buying a few OTM puts.