I put a stop on one out of 2 ES shorts at 888.75 for a +15.00 ES points profit. If it does not hit, I will let it run alongside the second short. I see no reason for the market to be going up from here on out, but you never know what happens…

Good trading today!

R3 946.00
R2 922.50
R1 907.50

PP 899.00

S1 884.00
S2 875.50
S3 852.00

As you can see the former support level has turned into a resistance level, I expect this resistance to hold firm and that we will continue the long term downtrend. If ES goes back to the 910.00 level, I will be adding to the swingtrade that I started yesterday at 897.50. I moved the stop higher to 915.00 from 912.50 and will be looking to reverse the short to a long if we do break those levels.

Good trading today!

I am opening up a swing short on this pop on consumer confidence at 897.50. Target / Stoploss +15.00 -15.00.

Good luck trading this volatile session today!

R3 915.67
R2 901.67
R1 893.33

PP 887.67

S1 879.33
S2 873.67
S3 859.67

I am covering my remaining short on the ES at 885.00 for a profit of 27.5 points. Well done if you went along for the ride, if not -> don’t worry, every day there are new opportunities! Don’t chase the market if you missed your entry. This brings the total profit for this month to 82.5 ES points or 4.125,00$, but I have to deduct a .50 point loss from the bad oil trade, leaving me with 3.625,00 $ profit.

Thanks to this last profitable swingtrade I am well over my 10% profit target for this month, but this does not mean I will stop trading. Good luck trading for the rest of the day, perhaps I will come back this evening with another trade if the market overreacts in any way.

I am covering one out of two ES shorts at 897.50 for a 15 point profit and am letting the rest run with a stoploss at the breakevenpoint. More charts later on the day!

I think the chart & trendline says it all… Be carefull taking on a long position.

I am going to short the ES with two contracts here at 912.50 with a target at +15.00, and a stoploss at -15.00. Housing data was horrible as I expected, so the market will follow suit.

Good luck trading for the rest of the day!

The market did not go in the direction I expected yesterday so I am in for quite some losses. I got stopped out of my ES trade at 900.00 for -10.00 points and got stopped out of my oil short at 59.00 for -.50 points.

The resistance trendline for oil did not hold up, and broke through it again. It is even trading over 60.50$ per barrel at the moment, I did not expect that at all. Markets and oil tend to move in the same direction lately, investors seem to be eager to get back in the market and take some risk at the moment.

I will be posting a graph today for the DAX, the leading European index.