market 2:1 bearish, ER2 found support at 717. The market is still pretty darn bearish, so I'm guessing any attempt at a reversal will be short lived, or maybe just a slow trend up over an hour. ER2 at 719.2
I'm looking for IWM to hold 61.8 if it ventures up that far, and for a top trend line touch on ES before getting short. Trend is down, I'm trying to avoid any long scalps, even though there is a good chance I could grab some of this move up.
well as I was typing we moved to where I thought,,this may be a good short entry,,I'm guessing we will consolidate for awhile though.
I missed my short entry, hoping for another pop up to get short ER2 around 721.5-722, with a stop around 723. Targets at 719-717.
the highest bid has been 721.4 for the last 20min. Last time YM went down, things got choppy, and then we sold off hard, it was friday, the day the ag futures opened for trading, back in july I think. Still waiting for my prefered entry, however, if SMH sells off I may look to short at a lower level.