ES (S&P 500 E-mini) at Strong Resistance! Short @ 2816

Thanks to the US-China trade war cease-fire, traders are set to panic back into stocks on Monday. There is strong resistance in the futures at the 2818 level. It's likely that this level will serve as resistance on the first attempt to break it. It is, however, very likely that it is eventually broken.

Short ESZ8 (December E-mini S&P Futures Contract) @ 2816
Stop: 2821
Target Price #1: 2801
Target Price #2: 2785

Comment:

Missed the entry by 2 points, but both targets have been hit. Closing the trade (although it technically never opened.)

Order cancelled