Out ES 712.5 after watching both 710 tries... (was looking for 708.5 perfectionist) Those taken in on that brief new high may force the 708s's after all.. c'est la vie.. 15 min MACD not looking good, declining 5 min RSI not looking good..
Great calls yesterday! I wish I held my FAS til this morning too. Did you get stopped out of FAS and POT or were those your targets? Just wondering what your strategy was for the past two days trades. Any initial thoughts on ES?
Builder, FAS.. per the chart 3.6, 4, 4.4 were the targets.. I just chose to take the middle.. POT.. I thought 75 was heavy so considering the amount of energy the markets have expended, I closed out this morning.. ES.. some days there are neat setups.. today so far I have not placed a trade as it seems all over the place.. Since I prefer not to scalp, I wait for a decent length (over 15 5 min bars) trendline to break to trade - Today building something - attached. I have not figured out the madness on the micro level.. Short PSS 7.85 this morning.. Have buy on FAZ 49 which may correlate to ES 740?? we'll see.
Builder, This FAS chart says markets will have a very hard time heading up here and if so, 740 should be an absolute short area.. FAZ.. I may take a small position on another dip to low 52's..
Rashid, you are so funny! If you're ever in Tucson, you must come to our house for dinner so we can spew food all over the table laughing. It'll be like elementary school days.