Wednesday, October 23, 2013

T.J. 10-23-13 A Pull Back

This is the first pull back day since the debt ceiling deal. Is ES forming a bull flag or a HS? Giving the strong up trend it is more likely that ES will try to challenge the high or make a new high. Only time will tell.

I got in a scalp of 1700 P today for $110 income. there are couple others didn't get fill. I am also trying to get out my 1760 C for Nov 1 just in case the market going for a new high. It has been choppy all afternoon. I had more stop out in my ES Sim trading. The low end of my estimated range 1735 was hit this morning.  

Grains had overnight high but sold off at closing. My wheat position is still out there, but getting close to get out if there are couple more down days.

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