My primary hypotheses of last night played out today but without the down ward test. LOL. Perhaps the jobless claim report before open encouraged the market. ES opened up and never looked back. It was an over 1% increase for all major indexes. ES is parked right below last break down level of 1768. It's in a neutral position and ready for tomorrow's job report.
I am glad it worked out this way. I managed to exit my two endangered positions with slightly better results due to the up trending type of price action. Despite of the two stop losses this week is expected to be a profitable one. I will manage any down side risk tomorrow and try to get in some positions if we get a bad job report. I won't trade with the first hour of the report release.
I also tried grain and crude oil today but no any fill. My VIX trades are going well so far except my 1st try of the $17 call sell position. This is a trade-able product but requires patience. I have to wait for volatility spikes to trade.
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