Half out 1105.25

Shorted ES 1109 50 %

Covered 1107.50

The setup is still technically valid price wise, but it is just not safe staying short ST in such a dull market if the trade does not progress rapidly , specially if Banks are ripping up.
I may try again later

shorted ES 1108.25 50%

all out 1107.25

will reload later

Half out 1110.5

Shorted ES 1112.25 50%

R.I.P Updated

OK I know I need to make my post more explicit :) but I just love R. Seixas music and this lyric represent very well what might be happening at market currently: this little rally is dying. Although we don't know exactly when, I am confident the next swing down is underway.

I have reasons to think we have seen the top today and Monday can gap down big. Alternatively we could experience some small run up on Monday but it wont last. As I said before I am looking for much lower prices as of now .





ES daily



ES hourly



As in interesting chart, we can see this one where the time frame is OPEX period....

Slippery when wet

Hi guys and gals,

We got some "surprises" for bulls today finally. Once immediate targets were hit we started to look for some deep pullbacks ( hence shorted ES1103 area), it came under the excuse of Fed rates hike , ... that is just excuse, market needed a pullback. Now the big Q is if they will rally towards 1110 area first or we will likely flush down towards 1085 directly. Given is OPEX time, anything could happen, but I will play the second scenario in principle.
In any case we will head to 1030 sooner than later so any rally will be shortable IMO.

GL,

covered remaining at 1094. 5 for +8.5

JUST COVERED SOME AT 1098

shorted ES 1103