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ZNU SWING TRADE 6/17/18 Shorted 119-22 Initial stop: 120-14 Target: 119-04 Trade Expectancy: win 0.756838906 scratch 0.209726444 loss 0.03343465

ESM 6/6/18

ESM 6/5/18

ESM 6/4/18

ESM 6/1/18

ESM 5/31/18

ESM 5/30/18

Sell in May and go away? Only a few days left to participate in that. Price in "value" of the 2018 range thus far. Impossible to know which extreme end we head to. Swing low possibly made overnight, next 12 hours will confirm. Today's cash open might be one to take a pass on from trading.

ESM 5/25/18

Happy Humpday. FOMC Minutes today. Sometimes a market mover, sometimes a dud. Holding Zone will dictate today's action. 2724 will be the Bull's target for today. Bears looking at 2694. Late comers always feel some pain so make sure to show up to the party early, but not too early.

Make ES boring again. Uneventful trading of late. 40 point range over the last 6+ trading days. 2750 is very attainable for the Bulls. They've been eyeing it for awhile now. Potential swing high there if things match up. Area also corresponds to a stop zone area so something to keep an eye on.

TGIM. Most boring overnight session of all time. You'd think it was a holiday...but it's not so look for some fireworks today (hopefully). Overnight gap sparked a short swing entry but the clock is ticking on that as there's been no momentum lower. Cash open should solve this sideways garbage.

TGIF

Head & Shoulders present for the T.A. 101 peeps. 2590-2740 wave suggests lower reversion. Today's 2725 Bear Zone could be the $ Zone. If that level hold then Bears will gain momentum and Bulls will have no chance for the day. Holding Zone is a dangerous bet but danger is what pays in this game.

Return of the Bear yesterday. Bulls were unable to get above key Holding Zone. Sets up Wednesday for a likely volatile session. Risk is to the downside. 2590-2740 wave calls for lower reversion. Beware of stop zone below 2700 which creates the 2696 Bull Zone. Opportunity for intraday bounce there. Much room to go below there.

2751 is the new 2710. Bulls really, really want it. All Bull today above 2728. Below there, Bears can cause havok. Risk currently to the down side but the upside algo is well-programmed.

TGIM. Super quiet overnight session. Not certain a high is made yet on this up move. Previous swing high potential area was unsuccessful. Late longs should be cautious and not greedy. The higher we creep, the more risk grows to the downside so keep that in mind. Bulls are in control for today as long as they hold 2728. 2750 is the new promised land and magnet.

TGIF. We'll find out today if the upside squeeze has been turned off or still on. The truth will be revealed in the next 8 hours of trading. Manage risk accordingly.