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scushen
Nov 25, 2020 12:53 AM

Trade Idea for 11/25/20 Short

E-mini S&P 500 FuturesCME

Description

I see prices moving back into previous value area today, as traders remain optimistic, but decide to take some profits ahead of the holiday weekend. FOMC minutes released today.

Comment

I added a contract at ~3633.00, took one off when we hit 3620, but kept one on expecting the market to go back into balance area. With FOMC minutes looming and prices hovering just above 3620.00, I closed that contract out at 3622.50.
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