Its nice to get a string of trend days and make some big $. But the reality check always costs $ Id rather it go back to normal and get more pull-backs.
Limit to go short ES at 1511.25. Potential double top on the NFP and lack of follow through right now so if it takes out the swing low after the runup it made trade flat or red to 1507.
You're deficient, but lucky for you, nobody of intellect can make a case for PINNING, which is what you're attempting. "MAX PAIN" concepts are completely out of touch with reality in a 2007 market. The cash markets are simply too liquid. Interest rates and microstructure play a significant role as well, but talking to you is akin to teaching Ito's lemma to a Capuchin monkey. The market broke below prior spot support at 150, not 152 or 153. It's clear that you can't read a chart any better. My [absolute] last on the subject. You're killfiled.
Short from 1514.25, small size, countertrend scalp of double top at 1515.25 (if it works). Stop just above DT. Target 1510 (38% retrace), with 1508 (50%, gap close) a possibility. Risky, so keeping it small with a close stop. Yesterday's RTH close just kissed a major downtrend line on my daily, 240-min and 60-min charts. The AH action breached it to the upside. If today's RTH action doesn't close the gap quickly and then remain at or below yesterday's close, I'll be forced to turn bullish and expect substantially higher levels. I had been looking for 1510-ish to be the high of this move, and the bear trend to resume, so today's action will be critical in that regard. As someone who hates making major paradigm shifts, I hope today is strongly down. Unfortunately, I have to leave at lunchtime ET so will miss the afternoon fireworks, one way or the other.
Short 2132.25. Looking for a possible gap fill. Will be taking partials along the way. edit: 1/2 @ 29., 1/4 @ 27, 1/4 @ 25.75. edit: flat.
Out at 1510.25 for quick +5. Now flat. EDIT: We're two points away from gap close. I hope it closes and stays there, but I'll trade what I see (at least for the next hour or two).
Stoped out on remaining half at breakeven so +2.25 points on half, 0.00 on second half. buying came back in...