its a sure bet ES closes above 2000 tomorrow.. CPI comes in at consensus/ or worst/ or better and this ramps up to 2008. next week 2022. why trade for 2 points when you can just walk away and know this is going to 2150 by the end of the year. no risk. its a new paradigm of central banking and economics.. zero vol, zero interest rates, no inflation, no uncertainty, perpetual EPS growth. Put the whole wad in there.
Beautiful! Out here at 2003 for +19.5 points profit Order to buy back long again if it dips down to 1995.
Well, perhaps a good time to short S&P. EuroStoxx is weak, Italian MIB and Portuguese PSI seem in bad shape. Dollar and bonds are roaring. short sell 2001.50 Stop @ 2011 ST Target : 1970 MT Target : 1880/1910
why are you closing.. what in the price action tells you this is turning? its a friday before a holiday end of summer.. this will jump 5 points at the cash open and trend a 3 point range all day.. long JPY.USD is going to 105 also a sure bet.. EUR.USD below 1.30 next week with ECB.. more stimulus = more ES points
Can you tell us how many points you've booked YTD? Your strategy is a simple, but good one - buy the dips and sell the pops. Obviously this is working well this year and last, but I am curious how you are doing compared to ES YTD (+ 157 points).