ES Journal - 2014

Lots of change of power on that 4mil e washout day last week

The key is going to be how this holds up once all covering is done

I show decent resistance at 1922-24

 

22-24? I know what you are seeing, but I doubt there are many stale bulls left from that area now, most would have capitulated from last week's massive selling. In any case the VIX has crashed again so the market is back to being dull, it never pays to sell a dull market short.

 

Lol so the people buying spx puts in Sept. didn't get paid?

 

22-24? try on 34-38

 

Most were slaughtered by the grind (decay).

 

SS 1925- 4 POINT STOP

 

stopped -4

 

last weeks good luck run seems to have ran out.
Took a beating on the German Dax this morning, and am -4 points on the ES.
Likely no more from me today!

 

i guess 36 will work. but lets see if we tag 38? globex?

 

Nice call!