- Observed here time and again (also paid the price in bad trades) the danger of trying to go short S&P. However, gut feel is telling me that a long drawn top is in the making.
- Thus, initiated fresh short ESU2 @ 1346. Stop loss @ 1362.
- Daily : This is the early hint. Rally from 1262 to 1377 comprise of a series of big overlaps, suggesting that the impulse is the other way ie down. If we close below 1329, I will put on an additional unit short on basis of daily DT.
- Monthly + Weekly has potential to turn in very bearish patterns although a bit early to discuss this now. Let's watch the daily price action get bearish first and then see how that impacts the chart patterns here.
2 comments:
Stop moved down to 1345. Additional unit short at 1329. If stopped out, loss = same as per original trade.
Got lucky with Apple results after hours disappointing expectations. ESU2 @ 1321
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