Oh that? ES actually shot up with the positive earnings from MSFT before the closing bell. But by the time Globex opened, MSFT gave a negative guidance and ES was already taking a nosedive from the get go. It tanked 30 points within the first 30 minutes. But WTF? The damn thing shot back up next day as if nothing happened. So we're back to square one, and my target still stands at 4400.
So I see you're running an algo. They can go rogue on you, if you're not careful. Been there and done that myself. Anyway, thanks for the update.
4400? I doubt it. We will see, I will be the first to grant you respect if we get there. In the meantime there is the little thing of WW3.
Today's close on cash generated a fresh buy signal. The key to trading is managing risk to reap the best benefit when right and take small losses when wrong.
Monday and Tuesday also had cash closes that were fresh buy signals. I suspect that the reason that the range was rather small on Tuesday was that a lot of traders backed off until the systems were working properly.
for the next 24 hours Long Exit Price ...............: 4104.00 Long Entry Buy Stop ....: 4084.50 Long Entry StopLoss ....: 4064.75 ------ Price @ 17:00 .......: 4065.00 Short Entry StopLoss ...: 4065.25 Short Entry Sell Stop ....: 4045.50 Short Exit Price ...............: 4026.00