ES just filled a gap at 1326 from last July. ES could continue to plow upwards all the way to 1352. I think we just have to stay disciplined here and wait for a pullback.
I know I keep waiting for a pullback. It’s not because I’m hell bent on seeing the market crash but rather because I don’t think chasing a rally like this is a high probability trade. So I am going to continue to defer until the market pulls back. And it could rally all the way back to 1352 without pulling back but that’s just the situation that we’re in. I know that one day it will pull back for more than a day and I’m waiting for that opportunity.
So for now I don’t see any good trades in ES.
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