Action: Short ESZ3 at 1691.25 as the bounce begins to fade. Target if this accelerates is 1678. Stop will be placed at 1689.25 on a move below 1688.
Action: We are selling short ESZ3 at 1689. The market has failed on the morning strength so we’re getting on the bus. Another trip down to 1686 is likely to fail and bring lower prices. Will place a protective on a move below 1687.50 @ 1688. Update 10:22 CST: Prices not breaking 1686 and we […]
Need to sit tight this morning to see if the morning strength sticks. ESZ3 at 1702.50 is the line in the sand for bulls and bears. Other markets are largely unchanged and we’re still stalking good entry points.