Similar to my SPY analysis - i was a bit shocked on Friday and did lose on my puts at the 61.8% retracement level. I am planning to scalp this overnight and will sell after /ES reaches 24% fib retracement (2771-ish range)
If it rejects off the 24% fib, I am planning to long PUTS, predicting another impulse wave down. This wave down may break /ES outside of the consolidation triangle.
Marking this neutral since it is a short scalp. I will update the chart tomorrow morning.
If it rejects off the 24% fib, I am planning to long PUTS, predicting another impulse wave down. This wave down may break /ES outside of the consolidation triangle.
Marking this neutral since it is a short scalp. I will update the chart tomorrow morning.