Previously initiated short ESH0 at 1088.- New low tonight on daily chart signalling new downtrend continuation. Added to position at 1067.5.
- Monthly : Bearish engulfing pattern Jan10. Feb10 shaping up to look like confirmation of that.
- Weekly : UpTL broken at 1140+. Was very slow to catch on here. Still, better late than never and had move expressed in other forms eg Copper and EUR.
Popular risk aversion proxy charts included here for added conviction.- P&L would have looked even better if not for outsized adverse gold move (relative to EUR) against me tonight.
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