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I feel like shorting it @ $89 because its in a downward triangle and buy back around $85 , is that right?
UnknownUnicorn7216011
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@Alf200020, i personally would not short anything in this market. I may have missed my entry and i will wait for a pb if it happens but be careful with both your longs and shorts during these interesting times. Tight stops.
jbuzaglu86
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it is currently being held by the 20 SMA. Would you start here and add bellow??
UnknownUnicorn7216011
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@jbuzaglu86, I will not start position at the current price level (88) based on the uncertain market conditions. I would rather miss a high probability set-up than get caught in a bearish market cycle.
We are at key resistance levels here on the ES and I expect a continued selloff when the market opens.
Watching the ES reaction at these levels:
10min 200ema 3076
15min 100ema resist
4hr 8/100ema cross and 3073 resist.