I’m traveling this week and next, so won’t be posting intra-day. But, hopefully this big Bat Pattern completion hasn’t escaped anyone’s notice. I’m shorting here at SPX 1704.89/ES 1698.25, with stops just above the previous tops (1709.67 and 1705 respectively.)
Initial objective for each is its .786, with a secondary objective at the .618s.
UPDATE: 4:05 PM
ES reached our objective moments ago — the .786 @ 1687.83. I’d take the 11 points profit and go to cash here, though a drop through 1687 would get me interested in playing additional potential downside to 1674.34.