I took half off at 84, I was long from the daily pivot from 78. Rest will have a stop at b/e plus one tick.
We are getting closer to the 1272's as Oil and the Euro run....next target still at 1272.50 and I also just entered some short positions in the QM at 143.75.....all kinds of fun today.
I just took ES short fills at 1273.50 (good enough) and I moved my last target down to 1261.50. If the market closes in this area today the overnight session will be very interesting to say the least.
wait till the ecb announcement and job data t add positions its going to be volatile tomorrow........dow could easily fall below 11k. Until oil corrects this market is headed lower.
The OIH just made a key reversal. I know that this might not register with most people on ET cause they don't rade technically, but . . . New highs in a "throw-over" out of a diagonal pattern, and then came back into the "range" under 225.00 which is a very bearish sigh. Now has taken out yesterday's lows at 218.40 Huge program selling in the drillers!
Sold additional QM at 144.00 and will cover my 143.75's at 143.50 level. ECB decision will be the fireworks tomorrow!
Yes....great observation. On a side note....do we see all the LONG's off the 1261's puke them up today before the close or do they hold again overnight.....LOL!