ES Journal - 2016

Sell two sigma puts and calls on the indexes. Let's price them out on SPooz now. Preferably Sept/Oct 2016 expiration.

 

Yep. But I doubt we'll fill it right away, we've cleared 1940 resistance now, IMO now we head higher. That's what I am seeing.

 

observation: crude failed to breakout, ES failed at trend line resistance

 

What are your views on Tom DeMarks prognostications?.. He thinks 1786 as target.

 

http://www.elitetrader.com/et/index.php?threads/spectres-journal.250896/page-11

Equities will be hit hard.

 

macroview

 

Nice chart, thanks. Last fridays overshoot is terrible timing for this 2 week rally. Feb needs to close above 1955 to avoid another historic failure. Close below 1930 will have dire consequences. I'm not a bear fanatic, I'm just reading my charts. Very important close tomorrow.

 

I'm looking at 1920, stay long above and short below it. Confluence of trend lines.. and support.