Apr 9th $ES thread
We talked about this 2 days ago...a high and tight band may resolve upward initially but it's hard to keep momentum up especially when so far from 20 & 50 dma
Below 50 hour ma (pink line) we back in balance and below 4072 sellers take control
Air pockets 👇
This is also first loss of +2 std dev line on this entire move above it ... Big air pocket till +1 std dev line
This is one of those situations where when we do roll over, the selling will get as deep as momentum chasers / late longs are willing to puke up
Alright time to go short.....
In 1/3 position of $SPXS
short another 1/3 now @ 4114 $SPXS
me and Shrek cuddling right now
I'm only leaving 1/3 in case we get a little overshoot like back in late August (blue circle, picture on the right) $ES
FYI this is not as big of a trade as my longs in March, this trade I'm taking for trip back to low 4000s to high 3000s..I'll reassess there
Going fully long on the account in March was a once in while scenario where I had a blueprint (Oct 2019) and technicals / sentiment aligned
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