ES Journal - 2016

Stop raised to 1923.25

 

From the chatroom, stop was moved to 1925.50 and then 1930.50 where it sits now.

 

I sense we gonna smash through that 1940 zone resistance, I may have to close the short and consider shorting at higher level.

 

From the chatroom. I exited the ES position at 1943.25. Summary of trade--Long ES at 1926.50 with an exit at 1943.25 for gain of 16.75 pts.

 

Monthly 10 SMA is around current daily next resistance zone. Likely next target IMO.

 

with the russell 2000 index down 35% from the highs how much more bearish can it really get though?

you have to question yourself if you're trying to short 2000/2040

 

What about other indexes? Small caps will always be more volatile in comparison to blue chips.

 

So we are back to the center of the range again... bears who did not take their profits at 1800 now face losses should this thing make a run for 2100 again.

 

Short covered at entry, will look to re-enter higher. Hedge Long now main position, so placing stop loss at 1880.

 

BTW on weekly crude I can see 12345, upside likely to continue in crude.