another nice call should be some panic..ES helping too it had good trade written all over it yesterday
Yea which was why energy and commodities led the rally this time round. Energy in particular, has been insanely strong.
Yeah i love shorting vertical plays like that just looking for the first down day usually a good 10-15% on the first down day just need to admit when your wrong on them, and exit quickly, i actually shorted it twice and was wrong, but made a little money on it cause i like taking half off when it shows me a profit, third time was the charm i guess.
ES looks strong...visaria this morning talking about a double top area just a few points higher than where it is now that it might bounce off that top area as resistance..around 1990
This post here may still hold true this morning..I am checking on his post he was long es some 4 hours ago and may have hit is level by now
Out the rest PACB at 7.15, being too conservative but that last up move scared me a little, still nice 10% gain.
yea very nice trade...I think it will offer more chances too some fools will try to catch it later today..may offer another leg down toward 6
Yeah if it sets up again ill probably take it again but be careful now its SSR so it can turn into a trap for shorts real quick.
market coming close to that double top and bounced hard..we may have some resistance there it should take another run at it and we will see what it does