Longed 53.25. 5 point stop. Legging in more on the Open if yesterday's high olds and we go. Fairly muted so far, but enough whipsaw to blow a few accounts. Holding above yesterday's high will be my main trigger to watch...
Yes. The long set-up today from my POV is that we open around yesterday's close and breakout above yesterday's high. Failure to do so can sell off. Last month's CPI day:
Plenty of time to add more on the Open if my thesis is correct. If I'm wrong. I won't lose much. Probably move it to B/E soon.
August 2 high was 5473.25, and high of day today 5473.75. If ES gets above there and doesn't sell off quickly, then August 1st high is 5600.75. That's where we're going if ES makes and maintains new highs after the open. Not necessarily today, but then again, why not today? I feel ES is going to retrace that entire down leg quicker than it made it.