Wednesday, October 2, 2013

T.J. 10-1-13 Fed Shut Down

The Federal Government officially shut down today. All of non essential federal employees are temporarily out of work. Surprisingly the market kept pushing up to fill two gaps above. Closed at high of the day. ES is at 1689, near BBD/M. I expect a drop tomorrow based on BB PB and Fib entrancement if there is no major news of a budget deal. Hypotheses 2 would be pushing up to Fib RT 50 at 1697 or Fib 62 at 1703.5 which are end of CHVA and CLVA near S3.

I didn't get in any ES position since it didn't come down or go up far enough. I had a SPY put position for next week. I will be patiently waiting for the price come to my area of interest.

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