IMHO, there has been no price action indicating one should do anything but short the bounces all day long. Some may feel that is stating the obvious. But for some, the obvious is not so obvious. EDIT: However, trade back above 2627 would indicate a larger pullback than we've had all day is on deck, imho.
S26.75 TP 2.00 PS 26.50 on runner SO for one tick Incredible trend trading today and counters as well.
If only everyday in the market was like today, ...complete, relatively smoothly falling down, or climbing up...Everyone would be so rich, so quickly. You would be able to retire...in a month in Seattle or Miami instead of East Texas. Hoo-ah` Handle, are you feeding your algo machines espresso fuel 1 2 3 shots. Put some whip cream in dat thang, 10,000 hours finally paying off. Your ah-ha moment...was like previously playing with gasoline bombs, then suddenly...discovering uranium, Speedo, how did you make out...Everyday in the market...when it closes...feels like either being Winthorpe/Valentine...or the Duke Brothers. Either really happy and excited, or miserable and depressed.
This is the best bounce of the day thus far, and even a weak market should be able to trade back to ES 32/33. That doesn't mean it will. But I'd be looking for a small rally to 32 or even 38 before the EOD selling takes this things down to close on its lows, imho.
May be a little weak to do little more than consolidate in range but who knows. I just take my signals.
Short 31.75 looking for new lows. Stop 6 ticks above the 33.75 high EDIT: My losers are usually quick. Short agin 34.75, stop 38.25, win or lose, this is the last trade of the day for me