CeresTrader

CeresTrader Updated 

The 50% HWB short still held and was retested in Europe. Markets double top for a few reasons, not the least of which is that Europe wants their chance to sell major tops. Overnight, they took it up to the 2888 level. I expect that level to hold as we begin to sell in earnest today.

CeresTrader

Still Expecting ES and YM to sell off from these levels. Europe wanted their fill and pushed the indexes back to their sell point. So, it’s trading Groundhog Day. Time to do it again. www.screencast.com

CeresTrader

ES has hit is 50% short based on Friday’s close. Time to sell your ES short NOW.

CeresTrader

Sunday night gap fill was close enough. Time to sell ES short. 2805.50 is the trade.

CeresTrader Updated 

I don’t think you can short ES and YM at these levels on an early Sunday evening. . . but, a place to do it is a bit higher when it fills the gap overnight.

CeresTrader

The Stock Market has had a nice run in the face of terrible economic and unemployment news. Look for the market to sell off here after this weeks' s break of the 61.8% line of the initial down move. This break means it's the bulls who will have to defend their upmove at some point. A move back to 2571 for ES is in the cards. Will the bulls show up over as the...

CeresTrader

The Dow and the rest of the market has had a nice run in the face of terrible economic and unemployment news. Look for the market to sell off here after this weeks' s challenge of the Fibs 50-61.8% line of the initial down move. A move back to 18,000 is in the cards. A bigger decline puts 15,000 in view.

CeresTrader

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