Zero fully longs, LOL!
OK, This has more than a bit worried about longs prospects short term
Posted 22 May 2020 - 02:58 PM
Ok out at 2947 for 2 points, not bad 16 on the day lol, cant complain about that!!
Posted 22 May 2020 - 03:04 PM
But of course I can't resist back in for a short on the ES at 2953, lets see what happens over the weekend!
Posted 22 May 2020 - 03:34 PM
COT report show Commercials adding a bit more overall, but in DOW and NDX, and less in SPX. Note Commercials are net long in both NDX categories which is rare. Finally, the non-commercials added 16,500 more ES mini contracts short. March and April clearly show weakness end of month and early 1st of month, so that is the only seasonal weakness to look for later next week. SPX closed up today, so no signal for next week per post above. Monday's close was about where we closed today, so digestion after Monday. Great trading for the traders!!!