"Blow Off Top" Being Sharply Reversed Tonight.
On war mongering news coming out of the Middle East
reporting a growing US battle troop present in the area,
ES Futures dropped sharply tonight, and in the process
have unwound the" blow off " top from today to 3258
The suddenness... of the downside reversal caught market participants by complete surprise,
as they were expecting a continuation of the new upside breakout move above 3261.
Shorts, including myself, are being rewarded tonight for putting on position.
It was a brave move perhaps shorting this kind of market,
but this market has over shot every upside target previously until tonight
...but not this one
This is the one where the bulls got really trapped,
What were they doing holding long at ES 3261 anyways.?
ES Last 3238.00
THE_UNWIND
1/2/20
NEW YORK
reporting a growing US battle troop present in the area,
ES Futures dropped sharply tonight, and in the process
have unwound the" blow off " top from today to 3258
The suddenness... of the downside reversal caught market participants by complete surprise,
as they were expecting a continuation of the new upside breakout move above 3261.
Shorts, including myself, are being rewarded tonight for putting on position.
It was a brave move perhaps shorting this kind of market,
but this market has over shot every upside target previously until tonight
...but not this one
This is the one where the bulls got really trapped,
What were they doing holding long at ES 3261 anyways.?
ES Last 3238.00
THE_UNWIND
1/2/20
NEW YORK