hankchef

Rest here and continue rally

CME_MINI:ESM2016   S&P 500 E-MINI FUTURES
0. Review
Called for a drop overnight and it did retrace to 2012.5ES. But it didn't touch higher enough to 2040, due to lack of momentum, which usually happens before holidays.
My order overnight got filled @ 2015 and exited morning @2020.5 . Didn't catch the afternoon rally because of my wrong prediction of pump and dump. Actually this dump and rally all day pattern makes it look more bullish .

1. Analysis

Two scenarios: bearish and bullish , see the images:

I'm biased to believe this rally isn't over yet, need to reach higher to 2065 cash.
Tonight's call: retrace to test 2021 ES. I don't expect any big move tmr. But I will place overnight order to buy the dip.

Happy Trading to all!
- Hank
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