Every big down day with futures falling further is followed by...

I don't think we will get below 1480, so you're probably safe.

 

I'll be praying with you.

Sold 1470 puts on the ES but holding ES short too.

I think we're safe

 

I've got a zero risk butterfly that peaks at 1490, so I'll be praying for you guys too. But we still need to get down to 1490.

 

Well, got out of my ES short positions but will let my naked puts go til expiration. Looks like this market will try to approach recent highs. I got a feeling they will push ES past resistance levels.

What a day :eek:

 

The more I read the charts, the more bullish I become. I am going to cover the rest of my shorts tomorrow (covered some today) and maybe buy some calls with the put premiums.

 

This truly is a resilient market. Wow.

 

Turned out to be a pretty good move, huh?