On the Road, Again

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.



On the Road, Again — 1 Comment