Special Update: 3981 and I may press my short
Sometimes the "Gods of Trading" provide...and then there are times...they provide abundance...lol
This pattern up from the morning's spike appears almost complete except for OMH...My better judgement tells me at approximately 3981 ish if we get there...could be the pinnacle to complete this pattern and cascade lower from there. Additionally, I already have a somewhat large short position at 3975.25 and why overleverage?...but to be clear... I am still short...nothing has changed in my perspective whatsoever.
Days ago I said for my December close I may dedicate buying power to leverage up to 25 ES contracts. I am short 10 ES Dec EOM 4200 calls which generated $6400, $2,500 in scalping so far...and my current position of -7 ES contracts. I could deploy 8 more contracts..but right now...I am observing...ONE MORE SLIGHT HIGH AND I MAY DEPLOY A PORTION OF THOSE REMAINING 8.
Best to all,
Chris
This pattern up from the morning's spike appears almost complete except for OMH...My better judgement tells me at approximately 3981 ish if we get there...could be the pinnacle to complete this pattern and cascade lower from there. Additionally, I already have a somewhat large short position at 3975.25 and why overleverage?...but to be clear... I am still short...nothing has changed in my perspective whatsoever.
Days ago I said for my December close I may dedicate buying power to leverage up to 25 ES contracts. I am short 10 ES Dec EOM 4200 calls which generated $6400, $2,500 in scalping so far...and my current position of -7 ES contracts. I could deploy 8 more contracts..but right now...I am observing...ONE MORE SLIGHT HIGH AND I MAY DEPLOY A PORTION OF THOSE REMAINING 8.
Best to all,
Chris
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