hankchef

Rest here and continue rally

CME_MINI:ESM2016   S&P 500 E-MINI FUTURES
85 0 3
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:
snapshot
snapshot

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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