The area at which ES stopped on Friday wasn't accidental at all.
JI
jimkane
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Part of me wants to short as many contracts as my account will allow on minimal margin...
JI
jimkane
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Posts: 33,089
But I have this 'thing' right here that says aggressive bounce right from here...
JI
jimkane
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I think most likely, though, it will just chop until close, with wild swings and traps for both sides.
JI
jimkane
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Yep, ramp phase. All those shorts are now trapped and being destroyed.
JI
jimkane
Rep: 3,058
Posts: 33,089
Okay, well another what I think was a fantastic week for trading goes into the history books. See ya all Sunday night. Other than the five hour break on Monday from 10 AM to 3 PM Pacific time, the ES will be trading. It may be light, but they use that to move it, too. Regardless, I'll be there.


