Gorgeous shorts this morning... We'll see if ES intraday longs from lows can reach targets back up to 6025. That was a nice retail stop-cleanser from 5985s - just above a support level from the December 20 Opex launch pad.
Any ideas for a lower target (for shorts) or a bouncy area (for longs)? (I mean today, not for a 3-month timeframe): https://www.elitetrader.com/et/threads/partys-over-its-time-to-sell.382575/ Edit: Thanks @theapprentice
my general plan today was to look for some attempt at closing the gap and then more down. This area here (5930) looks tempting to me in terms of a typical low area for teh day, but you're also really catching a falling knife! (e.g it's not a bad area UNLESS it's a 'trend day' in which case it's not gonna stop it lol) I don't really like chasing shorts. Plan for me is to short a bounce (a bounce which may or may not happen, and a bounce which i may or may not catch if it does) I imagine the rockstars here (we know who they are!) are short from up above and just trailing!