CME_MINI:ES1!   S&P 500 E-mini Futures
Similar to my SPY analysis - i was a bit shocked on Friday and did lose on my puts at the 61.8% retracement level. I am planning to scalp this overnight and will sell after /ES reaches 24% fib retracement (2771-ish range)
If it rejects off the 24% fib, I am planning to long PUTS, predicting another impulse wave down. This wave down may break /ES outside of the consolidation triangle.

Marking this neutral since it is a short scalp. I will update the chart tomorrow morning.



Comments

you should be buying calls before earning your just going to burn threw your money
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DWSKTrader KevinMomplaisir
@KevinMomplaisir, Glad I didnt. Its following the fib as predicted so far
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