Look to sell short XLF above 12.70 Will send entry price when triggered May add ESM9 short after jobs report, depending on reaction
WHY? The hourly momentum is very strong - because of the pop up to 923.75; the pre and post-Employment market action skewed the charts but we got to trade with the markets. That's also why the additional short was not taken above 920. Until the hourly momentum levels off or turns down ---no shorts will be opened. This move down will help and then shorts can be opened on another move up.
Came out at breakeven. Hourly momentum hardly budged - still flat to up, Friday afternoon, there is no point in holding short over the weekend. Now that our shorts are closed ESM9 will tumble 30 points in last half hour