ES is finding support, and has dropped 10pts from the Open. That might be it for the Shorts. Certainly there is a decent bounce trade shaping up for the counter-trend traders.
1016 is trying to hold, took off my short 1015.75 at 1016.50, combined loss -1.75 on my attempted reverse. Picked the wrong time, maybe a couple minutes earlier on one of the retraces.
Seen this day before haven't we? Good opening sell off with stop and go's all the way down (9:30-10am),
Then:
Range bound in a couple points range for a few hours, must be 1014.75-1018 (going on right now) then see a hard retest of low (1014.75) on big volume (maybe 12pm-1pm), then moves higher from there. OR, of course, breaks through 1014.75. Did I cover all the bases?
ES is finding support, and has dropped 10pts from the Open. That might be it for the Shorts. Certainly there is a decent bounce trade shaping up for the counter-trend traders.