Is there any bearish case against the ES?

6 dic

Hope you enjoy the video. I finished my trade on the 6E this morning from 1.037ish to 1.063, so I came back to look at the ES and see how I felt things were looking for a bearish case scenario. Ultimately, while I want to find one, I don't see one, and will likely continue to stay out of my beloved ES for the moment, in spite of my urge to short this overbought market.

I am getting signals all over, but most will require a decision at EOD today or I could always make the decision Sunday evening or early Monday before markets open.

Safe trading, and remember your risk management plan!

10 dic

Nota

In the event anyone was curious, I went Long on CL at 67 with two contracts, looking for 69 range for around $4000, so I will not be trading on the ES!

I think I find more interest also in again catching another rebound of the 6E if it goes back into that 1.04 range, or potentially the 6C contract, but likely won't do that until CPI comes out and some of the dust settles.

11 dic

Operación cerrada: objetivo alcanzado

I am cashed out of my CL trades. Above 69, but well below the continued surge of the day. Still netted over 4K for the trade, and I like being without going into the CPI print.