Longer term position player looking to post here some shorter term ES trades to begin to get a feel for the intraday movements etc. Some positions will be held overnight and I will use this as a training ground to get stops put in at correct levels etc. It may take me a while to get good. I am used to holding positions for weeks and months.
Alright folks I'm gonna give my mind a rest until about 1 week into January. As for the rest of you who keep trading during this Christmas / NYE period..... get a life.... seriously!! Cyas on this thread in 2017.
IMO, I believe market might open with a down gap on Tuesday morning and then we will see a sizable rebound (i.e. SPX with >15pts movement) that might last for a day or two. I might execute a swing trade that day if market indeed opens with a down gap. Happy New Year to all. Let's hope next year will be a great year to all of us
---Wed 12/28 late afternoon short 2245.00. Initial stop 2275.00 ---Thurs 12/29 midday I remain short on the swing trade with same stop. Price is currently 2241.75 ---Fri 12/30 late morning Price currently 2238.75. I remain short.
ES is up >15pts within my expectation that a sizable rebound was imminent, but without me on-board. Going to sit and watch how market plays out for now.
Swing signals are still very bullish, while short-term signals are getting mixed. I guess swing/short-term bears have no choice, but live to fight at another day.