Who is going SHORT or LONG into the election tomorrow?

We only traded down to the 980 level so I took profits at 984.00 on the rebound for +10 pts. I will look for signals to sell the retest of our AH session highs....sure would like to see 1000 get tagged out today.....come on ES.

 

whats the significance of actually "tagging" the level...tia

 

Well 1000 is a psychological level at this point and it would be a good inventory grab area above the previous AH session high......a better area then to SELL for an intraday trade (after a previous high retest).

BTW, I just had ES sells trigger at 1000.50 .....got em!

 

VIX is imploding and this is BEFORE the election is over.

 

Sold additional ES at 1003.50......now we are getting the good probe above the 1000 level I was looking for.

 

Covered all my 1000.50 entries at 1000.00 and covered 33% of my 1003.50 entries at 1000.00......holding the rest for any additional selling.

 

Are these shorts for you intraday trading? i know earlier in the thread you mentioned building a position above the 1000 level looking for a multiday position trade.

 

Yea i just sold crude oil very heavily from just under $69s!!!

 

Correct....ES are my intraday trades and the Rydex positions are for longer term trades. 993.50 will be my next intraday ES profit target to cover 17% of my position if we trade there.

 

Sold additional ES at 1004.50 to bring my trade back to full position size at original 1003.50 entry (added the 33% quantity back to the position).