I thought we could have a good pull back today based on the lower lows of last two days and below 1758 at open this AM. I was ready to use this drop to enter some new puts and exit my 1800 call with a small profit. I didn't realize it was an OD when FT71 mentioned it after the open. There were several resistance levels to overcome. It turned out to be a bull engulfing day bar. ES closed at a new high of 1779, crossed Fib 23 target.
My levels for tomorrow: S 1779, 1773 and 1768, R: 1786, 1789, Fib 50 target; 1793 TL and 1797 WR.
I will have to unwind my 1800 spread and possible hedge my 1810 for month end. My CL puts are working. It turned out the CL inventory report is Thursday this week. Guess it was affected by government shut down?
No comments:
Post a Comment