My Life My Trade

DISCLAIMER: Nothing contained anywhere on this site constitutes any investing advice or recommendation. Any purchases or sales of securities are solely at the discretion of the reader.

I am looking for a gap down below ES 900 907 tomorrow and a revisit to ES 892 900, move further down to 884 892, and a close right above ES 892 900.

• Cover all shorts if last week’s high on ES (=919) is exceeded. If ES prints higher than 919, then we are going much higher, possibly 927 or beyond.
• Add short positions on breach of Friday’s low on ES (=908.5). If that gets breached conclusively, then we are headed to ES 892.
• If ES 892 is reached, cover 25% shorts. I believe that market will easily accept levels below ES 892 this time around.
• If ES 884 is reached, cover 50% shorts, leaving 25% for a further ride down. I believe that ES 880 will not be breached the first time, though.