Short ES @ 5620
Updated
ES had a hell of a week last week with three huge bullish days. I think it's due for a (slight) pullback. I'm seeing 800 contracts sitting on the offer just above 5620. I'm playing the resistance there for a pullback back near 5600. Limit sell order placed at 5620.
I don't want to stand in front of a steamroller, but this is a nice setup with a 3:1 RR that puts my stop above Friday's highs at 5626. We'll see how it plays out.
I don't want to stand in front of a steamroller, but this is a nice setup with a 3:1 RR that puts my stop above Friday's highs at 5626. We'll see how it plays out.
Trade closed: stop reached
ES isn't slowing down! Not going to take another short against ES until I see weakness in the chart. Will look for pullbacks to go long.
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