Long biased intra-day here.
This is setting up similary to July 6th (see chart below):
ES has barely touched my first bearish math target and is looking like its on track to hit at least the first bull target at 3989. This shows that people are not immediately dumping this (however, things can change around 3 am).
Overall, I am somewhat long biased (intra-day at least) on this and the S&P for the first few days. I expect some consolidation/chop here but I do expect the mathematical bull targets (at least the first one) to be reached. Will likely switch to short bias after Thursday.
Will post a more in-depth analysis on SPY/S&P at some point tomorrow. Just posting this to articulate my immediate thoughts here and the fact that my plays today are, at this point, long.
This is setting up similary to July 6th (see chart below):
ES has barely touched my first bearish math target and is looking like its on track to hit at least the first bull target at 3989. This shows that people are not immediately dumping this (however, things can change around 3 am).
Overall, I am somewhat long biased (intra-day at least) on this and the S&P for the first few days. I expect some consolidation/chop here but I do expect the mathematical bull targets (at least the first one) to be reached. Will likely switch to short bias after Thursday.
Will post a more in-depth analysis on SPY/S&P at some point tomorrow. Just posting this to articulate my immediate thoughts here and the fact that my plays today are, at this point, long.
Trade fechado: objetivo atingido:
;)
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