The market is developing the anticipated Narrow Range day scenario. Just before Noon ET, we got a bearish $TICK divergence. It is usually after the First Correction that the market starts to move quickly in the direction of the divergence.
I will stay short GS and add in the 153/55 area with a target back down below 140. My short 135P will expire worthless. With XOM .. I should have probably kept this one but oh well. I am still short the ES july 910C but had a buystop @903.75 that got filled @904.75 thanks to INTC. I will add today to my longs in EEV and QID when we trade towards 915. My bearish scenario will not work out in case we trade above 928.25
Hello Charles,
ReplyDeleteI will stay short GS and add in the 153/55 area with a target back down below 140. My short 135P will expire worthless.
With XOM .. I should have probably kept this one but oh well.
I am still short the ES july 910C but had a buystop @903.75 that got filled @904.75 thanks to INTC. I will add today to my longs in EEV and QID when we trade towards 915.
My bearish scenario will not work out in case we trade above 928.25