Earlier we missed the 867 short by 1.25 points; 20 minutes ago, we missed another short entry at 860/61 by a point or so. Very surprising the markets traded within a relatively narrow range during the previous 2 hours, considering the overnight declines and rally to 865.75 SPX 850 to 865 is an area of congestion but there will soon be a breakout, most likely down to 820, an possibly 780
SPX S/R levels in play today: R3 887 R2 876 R1 867 Potential HOD close 857.52 S1 851 S2 840/42 KEY SUPPORT LEVEL S3 834 KEY SUPPORT LEVEL 824 Possible LOD
Still holding full position SHORT ESM9 BUT we have given this trade more than enough time, and the 5 min momentum is now bottoming so we are going to close HALF at market (853) STOP on rest at 862.75
SELL ESM9 @ market (860) Stop @ 868.75 In hastening to get the entry posted I posted it twice... This is just one entry - short ESM9 @ 860 stop @ 868.75 So now we have a full position again with new stops at 868.75 for the full position