Discussion in 'Journals' started by Buy1Sell2, Dec 23, 2016.
what expiration would be on the these options?
The ones that expired last fri and possibly this fri. You can't day-trade any further out because of to much premium IMO.
Yes, as i said in my chart in post #471 there would be likely sideways action before the trend continues down. That is what happened the rest of the day as this chart shows. Then ES opened gap down sunday. However, it could work its way back up by the open of RTH on Monday 1-30 or the trend may continue down. Not enough info at this moment to determine. Here is the complete chart for Friday showing the ranging behavior up till close. The circles in the ranging behavior are indicative of further weakness.
Here is the gap down sunday 29th Bye
As indicated Fri, I will try the long again Sun/Mon. Here we go---
Long 2280.75 Initial stop 2274.50
Stopped for loss of 6.5 pts
Long 2272.50 Initial stop 2261.00
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