Market often surprise me. ES broke yesterday's low after a disappointing job report. My expectation was a down day after testing mid of the day. Instead it kept pushing up from 1988.5 to 2007.5. It shows that bulls are back in control after the indecision of the last several days. It looks like ES is going to retest or break its high of 2011 with ECB's rate cut last Wednesday. I get to watch the risk of my bear calls next week.
Grains also made unexpected upward push on frost forecast in major crop growing area over the weekend. However they only retested their break out area so far. I will have to exit my puts if they continue the upward next week. I faded today's pop up with selling bear calls of all the three and bought ZS, ZW November puts.
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