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I banked 10 points on ES in total today
I have 2 longs in spoos, 4 shorts in spoos & 2 swing positions in spoos open.
Well at crookshour this time we got a fall, then a rally at crookstime followed by a fall during MCMT
However it was good that we got a pop and drop and also nice that despite a clear NO GFS, they still sold it off.
What is not nice is that they are now whipping both bulls and bears around my LIS of 1947 ES.
I put alot of emphasis into close on Wednesday and during Thursday and we are still here, despite being intraday 26 points higher at one point on Thursday.
$VOLD is now over. It is a 2 day SYSTEM. That does not mean that the market will rise or fall from here, it just means that it can just carry on doing anything it wants and there is absolutely no bias from the $VOLD that has just finished.
China market remains closed and now the focus is purely NFP’s today.
SYSTEMS WISE
KTS – Not in play
KTB – KTB can be due any day.
BDIP’s – Not in Play
DDUD season – DAY 15
$VOLD – Not in play
Personally there is no way of telling what happens to this 1947 ES level. Did we get the throwover I wanted and now can we go down? Or was today the whip out of the bulls and now they backtest 1947 and take it higher?
I think lets continue to play what we see as the levels are working super with the bias still.
As it stands 1955/60 ish is the resistance into tomorrow.
All the best.
K
Plan your trade, trade your plan!
Closed the 1956.50 short taken earlier at 1946.50 for 10 points.
I had more earlier but I have now closed for safety ahead of NFP’s. Just not worth gambling imo
Plan your trade, trade your plan!
JPM quant mustard saying more selling coming in next few weeks…is he talking their book? Dunno, but he did say selling would happen prior to the limit down day…..
happy to keep shorts in play for now. Feel the bias is to downside.
Sad the $vold didn’t give scary low….. Not sure what to make of that or if I should try and make anything of it. Have they ‘failed’ in the past like that. I can not recall.
ftse guy suggesting short rallies (and 6200 earlier) for run to 5800 still….
Wow is no one in night duty?
Useless mustards, do I have to add that to my list too now?
Plan your trade, trade your plan!
Just as the machines had learned the “Buy when Japan opens” signal, Japanese leaders unleash their usual stream of utter tripe and break the bid. Tonight’s chosen member was Japanese Economy Minister Amari who said “it is important for markets to act calmly, not move in a volatile manner,” adding “stock markets are not reflecting fundamentals,” reflecting on the fact that G-20 ministers had discussed China and “monetary tightening was likely in some advanced countries.” This sparked a plunge in USDJPY and an instant 100-point plunge in Dow futures.
Closed a short from last night for 14.5….
Super stuff Dan
Plan your trade, trade your plan!
Yes proper WCB of 10 points Dan from the lows now.
Ongoing CIT remains 1937 so you played that one perfect
Plan your trade, trade your plan!
We are well below 1937 now (the ongoing SU)
If it stays below in RTH, the trend is back to down.
So far I would say it does look like it was a throwover of 1947 ES yesterday, which is good for Bears.
NFP’s will be next
Plan your trade, trade your plan!
Morning fellow dipsters – my call of a big down Friday on Weds is looking lucky so far, but are the mustards setting it up to buy NFPs.
Off to work now so will miss all the fun – good luck all
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