11/6/2019 ES Daily Recap
Going into today, it looks like not much has changed in the overnight I was looking for a short side near the 84-86 resistance as we trapped a decent amount of longs at that level and as long as volume did not pick up it would have been valid. For the long side I was looking for a quick flush down to 3063-61 for a long since it was untested and is an important zone. We had a tight range for most of the day, until there was a negative news headline regarding the China deal. We ended up slicing through support and bounced ahead at 3064. I expected longs to be trapped from the start of the break, so I was looking to take a quick short for a reaction.