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maikisch

Evening Update: ES to Spike Higher tomorrow into Target Box

Short
S&P 500 E-mini Futures (CME_MINI:ES1!)  
maikisch Updated   
CME_MINI:ES1!   S&P 500 E-mini Futures
Trend Analysis Chart Patterns Wave Analysis ES SPDR S&P 500 ETF (SPY) SPX (S&P 500 Index) S&P 500 (SPX500)
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trendanalysis chartpattern waveanalysis es spy spx spx500
Judging by how we traded all day today I can't say we're done to the upside. I can only assume tomorrow's CPI catalyst will cause prices to spike into the target box. Upon experiencing that spike tomorrow I will soon add to my newly initiated short call position.

I believe this spike will last so that the cash market can open at 930am EST.

Upon the cash market opening I expect prices to retreat within an hour of opening and continue down the remainder of the day. It is possible we close red tomorrow.

* That TE was free of charge:) lol

Best to all,

Chris
Comment:
MOST NEWBIES HERE HAVE NO IDEA WHAT "TE" MEANS...LOL:) Thats ok. Its good to have secrets.
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