Looks like the ES is stuck in a bearish channel with the bears finally remembering that resistance doesn't mean to roll over and let the short squeeze happen. Thou shall not pass?
Wednesday, April 13, 2011
Channel Wars
Apologies to the "chump" loyals for not posting for an extended period. Been in flux with a new job and a new house.
Looks like the ES is stuck in a bearish channel with the bears finally remembering that resistance doesn't mean to roll over and let the short squeeze happen. Thou shall not pass?
Looks like the ES is stuck in a bearish channel with the bears finally remembering that resistance doesn't mean to roll over and let the short squeeze happen. Thou shall not pass?
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I am positioned net short as well. My trade is based on current macro events and the risk for a 1 day waterfall event.
ReplyDeleteYou posted a 'bearish' channel on TC and the market goes up. I am telling you it is the curse of TC! Perhaps I should post something bullish to make this market go down?
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