ES had a very narrow range in bull flag overnight. My hypotheses were down if it break overnight low first after open. I thought it could do some back filling to close the gap especially ES didn't respect Fib 62 on the way up. It did break the overnight low first but hanged on the cliff of CHVA. I had my exit orders for 1680 and 85 site there for expected stop losses. When the prices got near my greedy and bad habit of moving orders took over. I moved my order from 5.25 to 4.75 below the options gap. Also moved my SIM target to below PP. ES tried several times but couldn't get to yesterday's low. It bounced up with 2 ticks away from my orders. It pushed up to officially closed 8-15's gap and touched Fib 78 line at 1687.5. It has not seen any major sells reaction at this level as of 2:55 pm. My losses of this week's calls are doubled because I moved the orders two notches down. A bad habit costed me several hundred $s now. I will see if the Fib 72 level would hold as an resistance. Also today is the third day up. If we don't have a pull back by tomorrow, I will have to get out at a bigger loss since both orders are ITM now.
Wow, ES pushed up to 1688.5, the top of this CHVA at closing. It has been three days without any pull back. ES looks ready to get to a new high following NQ. I obviously forgot the pain I had in May when I was so confident that ES would not easily push to a new high without a pull back. Tomorrow may tell.
There has been no activities in grain front for me. I am waiting for USDA's report tomorrow. I will see the trend to confirm the day after tomorrow.
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