So ES as most of us know is distributing pretty hard. Right now for the overnight trade if holds right around where it is now (63s) it should be ok to continue to the untested levels below. Low 50s will get liquidity, then 42-45 (especially with a new low under the low that got us to the high at 73.5 were selling from). low 30s is the leg start that got us to ATH and the ultimate target for this short for now.
Currently Short the ES.
The Pound made a new low today on the daily/weekly satisfying trend and boom huge pop. Its been accumulating on the daily since july '16 so when it made fresh lows the buying stepped in. It closed right at a leg start, and we can expect a smack. However it has strong momentum to the upside, and will probably make a new high over this leg start into the next resistance. Ultimately its targeting a new high over the december highs, but we'll see how it approaches the leg start around 1.2700
No Position. Might smack it before i got to bed but she's strong.
CL is distributing HARD for a big dump coming. Especially with rollover this week and OPEC whatever going on its gonna be wild. I really don't want to be long unless its a scalp, and will be shorting 53.7-54. If we gain that level were gonna take a run for 54.7 the leg start. That'll be a fun level with stops above the high.
For now no position except short orders for overnight.
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