Short ES @1111

Great spot to enter back into shorts. Glad we waited for this rally and are now able to short at a much higher level.


Update....As per rules the market dropped for us the usual +10 points Tuesday morning, so profits on some could be taken. Looks like one possible more surge up to add shorts into this week. Keep posted!

Light Volume , we wait!

This weeks volume has been incredibly light and I'm feeling a need to wait to position again on the short side. This rally should be a reminder too all of why traders need to take profits along the way.The 1091 top entry and covering in the low 1030's has me going to remain neutral on this market til I get a better read on things as it is lacking participation with the holiday Wednesday and light float up the last few days.

Officially I was stopped out on a close above 1065 on last 1/3 position last week.
Glad we booked 3/4 of position on way down!

I really like Tim Knight's video tonight as he is really doing a great job of walking us through the mental struggle of shorting this market.

http://www.slopeofhope.com/

Took some off as always +10-15 points!

Update: as always we take a little of after a +10 point drop this morning . The lows were 1054 area. I know a few of you were discipline and booked 10-15 points. I'm keeping some size on to stay the course on this short as we might need to add in the 1070's for what looks to me like a final push and eventual drop below 1030 lows this week and challenge the 1020's.

Adding some Shorts here

Just added a little size back short here @ the 1059-60 area. I'm thinking a rollover in the afternoon. Possible the 1-1:30et time frame.