Closed my short positions

I am closing all my bearish options strategies at ES 967. I respect the break out and depending on the action over the next few days I will be thinking of positioning on the long side. Denleo

if i decide to join you on the long side, the bulls are in trouble,

I am closing all my bearish options strategies at ES 967.

I respect the break out and depending on the action over the next few days I will be thinking of positioning on the long side.

Denleo

Thanks for your update. Always appreciated.

I am closing all my bearish options strategies at ES 967.

I respect the break out and depending on the action over the next few days I will be thinking of positioning on the long side.

Denleo

can you go into more details?

I have done very well with the mid cap 400 this past 2 weeks but was thinking of hitting the eject button.

do you think the fed will have a problem with their bond auctions and try to drive the market down
or do you think its a non issue now ?

Dennis, I'd say it's much trickier than you think. Uptrend lines were broken this morning. A close below the weekly pivot at SPX 968 would be bearish on a weekly basis. Divergences abound. Etc.

DO IT!!!!!!!!!! GS.

Dennis, I'd say it's much trickier than you think. Uptrend lines were broken this morning. A close below the weekly pivot at SPX 968 would be bearish on a weekly basis. Divergences abound. Etc.

What trend line was broken this morning? Are you talking about a 5 minute chart?

IT

I am closing all my bearish options strategies at ES 967.

I respect the break out and depending on the action over the next few days I will be thinking of positioning on the long side.

Denleo

Beware of positioning yourself on a long position there should be a pull back. I am prepared to go long on pull backs like I did yesterday.