Action: Buy to open ESZ3 at 1747.50 which is near last week’s low. We should see a bounce in this area. We’ll keep a tight leash on the trade and close at 1751.50 if seen. Update: 2:19 pm CST: Closed position at 1747 for a -0.50 point loss. Our target was missed by one tick and […]
The December contract in the S&P 500 (ESZ3) traded to a new contract high of 1774 in early morning trade after the ECB lowered interest rates from 0.50% to 0.25%. At the open of regular trading in the US the contract immediately sold off -1% and as of this writing sits at 1752. Is this the start […]
Action: Buy to close our short ESZ3 contract at 1763 and book the ten bagger (+10 points). We entered at 1773 and we’ll be looking for a better entry. If prices can get below 1760 and stay there we finally could see the correction.