Flip long 2805 +5 pts 5pt stop 12:32 stop to BE on long would rather the 2812 Break out trade for 2820+ target
Certainly room to move down but think if we close at or near today's highs we have monster rally tomorrow. Just an opinion, though ... may take a few days. But while I've been expecting 2700 down to 2600 +/-, today is setting the bulls to run again from the looks of things. Started the morning short and have been nothing but longs since.
It is still early. I will set up for tomorrow's opex sometime during the last hour depending upon how things look then, not now. I'd be very happy if we stop going higher and go flat for the rest of the RTH to be honest. That would set up a potentially bullish opportunity in SPX/SPY for tomorrow.
I'm playing this set up as long as we close above 2792 -/+. A close below yesterday's low will make me rethink. A blowout rally for the rest of the day still works for me today, but I'll probably be flat all day tomorrow.
15 point move in a few minutes. I agree completely. I’ve made my money for the day. Flatten this out and build up more shorts at a narrow price band for the move up tomorrow
My beast number basis cash is currently a close better than 2815 .. if we make higher highs between now and the close that number will go higher as well. EDIT: Kind of expecting ES to get to 2832.50 +/- (current 2821) before she calls it a day, and if she goes above there might have to grab the tiger by the tail and just enjoy the ride while trying not to get bit.