Closed out short at 1433.75 for +10 as momentum takes a pause here. May try to re-enter short higher for hold in AH. EDIT: Short again from 1433.25. 6-tick stop.
by looking at other markets you can tell ...liquidations of everything is occurring, major trend reversals.. in most macro markets... funds trying to raise cash levels.
major blow to sentiment, blow to sentiment is the worst thing that could occur to a market..usually if its caught fast enough, it could be rescued similar to FEB decline.. but this decline loooks like the extended summer-fall decline of last year.. when sentiment sucked.
Market is trying to break 1430 on ES, seems only a matter of time? Even though this might be the case, I think we are making a bottom here. I'm looking to get long here overnight for 1 contract (in case I am wrong) a small position for a bounce back rally. Placing trade here by 4:15 EST. EDIT: well I guess there is always tomorrow, I didn't get the position, was too greedy trying to get something below 1430.