Market sentiment has changed so quickly. The sell off continued today. ES hit it's Fib 23.7% target and closed below it. Next is 50% at 1799. The up trend daily chart 61.8% RT is at 1789. It's less than 5% pull back so far. How far it will go 8, 10 or 15%? It was another bloodshed today. I had to roll over 1850, 1840 in IB and 1830 in S-5. It's a net loss of $2.6K not counting roll over for this week. Luckily I scratched 1820, 1810 with a small profit. It looks like there are more roll over for my 1835, 1830 for next week. I shall stay out of equity indices for the next couple weeks except adjusting positions.
Grains continued to slide today. But I don't have any fill for either in nor out. Wheat and corn premiums have not changed much. Does it tell me something? I need to get out my near money positions early next week. Don't be greedy. Things can change pretty quick.
No comments:
Post a Comment