The Surf Report

thanks ! will be trading off the channel today.

let's go do what happens,

surfer

 

we are still FLAT here, remember the lower channel figure of 9753 needs to break before shorts should be entered. staying FLAT in death channel.

surfer

 

I think you mean 9677.

 

I will continue to hold all ES SHORTS if we stay below 1041.50 the remainder of the day...I will cover half of my position if we rise to this level again at any point. So far everything is looking good for continuing to hold the full position.

Chris

BTW, I might also cover some of my ES SHORT position trade tomorrow before I fly to Vegas for the Trade Expo. I will wait and see how this plays out...still looking for a eventual test in here on the ES to the 1029.75 level from the ES LOD on 10/28 (this has been my primary target for this Position trade).

 

The other reason I remain in my ES SHORT Position Trade is the uptrend line from the ES LOD on 9/30 through the ES LOD on 10/24 has been broken BIGTIME today now with price action well below the 1043.50 area (from the ES "Daily" chart).

Chris

 

yes, 9653. sorry for the typo. system fired shorts and we are back short at this time. SHORT djia short bbi.

best,

surfer

 

nice work, chris ! enjoy vegas.

best,

surf

 

surf, look like you were a week early in getting in and a day early in getting out.

 

time will tell. back short per system from 9653.

best,

surfer

 

we are holding system shorts here, expecting down close today.

best,

surf