Quote from gmst:
out at 1205.5. I was earlier once again.
Anyways so thats the losing story!
Now short 1206. for eod close. ES is not going higher today. There has been so much weakness in the market whole last week, but ES was unable to break 1207-1210 area, probably becoz of traders defending it due to opex.
Now, as opex is behind us, we saw today ES broke through last 2 days low. Its game over for the bulls now, at least today.
My disaster stop on this trade is 1220 (primarily to save myself from some lightening bolt like swap rate cut 50 bps or so)