It might be best to cash out and switch to a short on a longer-dated contract. Such as April. Or, just stay long in Feb and use April as a hedge.
ES Journal - 2021/2022
- Thread starter Buy1Sell2
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It might be best to cash out and switch to a short on a longer-dated contract. Such as April. Or, just stay long in Feb and use April as a hedge.
I got back in S&P positions pre-market today. Positive seasonality with a potential wave 5 rally. I still can't find a structural issue causing me to get bearish yet. Assuming we don't take out the lows of a couple days ago, I will try to ride this again.
Probably, NVDA earnings this week, but will trade cautiously..
The indexes will be up tonight.
Watch the volume.
Anything out of the ordinary with a corresponding drop, that'll mark the top.
I suspect by 9:30 things will be mostly flat, +/- a bit.
If you can top-tick tonight, you should do well.
Not sure on your call about a down week, like the one we just had. The major eco news events will be retail sales m/m, and a SHITTON of Fed speak. Seems like every Fed member there is will be blabbing about one thing or another starting on Tuesday.
And I didn't mean to sound nasty with that.
I just take it all in. A hundred subtleties across a myriad of market and other insights.
You could very well be right.
No worries. Yes, in the world of trading, sometimes trading your "gut" works. For example, my "gut" or intuition is telling me that we have hit peak oil at WTI ~$85ish, and it has been floating between 79 to 83 for quite a while. I dun' care what the experts say. But since I am not trading the oil space, I cannot place an order in that space. I'm too hooked on the equity indices, they are drawing all of my attention.