- 1373 is big technical chart-point on the ES continuation chart. Ability to hold below would be indication of fresh weakness in S&P. The short ES trade has not been an easy one as can be seen from the number of whipsaws around 1373.
- Currently back below 1373, so tentative fresh attempt made here to go short once again. Sold ESM2 @ 1371. Tight stop above today's high at 1389.
- Have to see how price action develops from here before making any longer term plan for the trade.
- More confident selling if we can close below 1350 on weekly basis. Potential 5-wave upmove completion on monthly chart.
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