Market has been consolidation for the last two days. It didn't get out last two days' range. ES tried to break lower but only had 2-3 ticks. It couldn't go above 1752 either. It appears waiting for tomorrow's jobless claim and Friday's big job report. It has a pasture of testing below 1733.
I have no new positions and exited two of 1730. ES didn't come to fill my 1740 exit which I have get out tomorrow. I am planing to exit my 1715, 10 and 05 position to reduce my risk just in case Friday's report causing a big drop. I need to reduce micro managing my positions. Sometimes if could cost me $200 more when I try to save $20 in my exit. Just do it when it comes to the my level.
After compression it's expansion. We just don't know which way it will go. I will wait for the job report before getting in any new positions for indexes.
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