i'm followin the fade that whatever makes sense is a lie,so i'm long here e867 and goin to bed ,832 stop, 902 offer
Trade was with the swing trend and the super swing trend on a pullback. The profit taking was when the market showed me a failure to break through the earlier highs.
USD/JPY trying to put in a higher low on daily ... critical for the direction of ES today. If it fails, we get a 3rd lower high breakdown on USD/JPY, implying a melt down in ES.
The trade was made with the swing trend and the super swing trend. The profit was taken when the highs from earlier in the day were not surpassed.
Targets on the downside: 842, 828, 798 I think we may go to 798 today. Upside targets -- stiff resistance at 872/876, 884, and 900 Possible VR day (V Reversal) but not after heavy selling. This may be a positive week with SPX rallying to 975 or higher.
One thing positive for the ES is that those issues that keep going lower, like the financials, are much less important in terms of weighting in the index. That will eventually translate into stronger bounces ...