ES1 futures Short.
Price broke through a big multiday trendline up. I'm expecting a sell down to November's cost basis so that we can back fill some of the trapped short positions and check if there still is buying demand and buyer retention. If both are present and no supply hits the market then we are going back up.
The vix is also at a very low point relative to the past 2 years, so puts are cheap for a good rr.
Central banks seem to be restarting the liquidity cycle, which would be beneficial for stock prices, but I believe that we have not felt the full impact of the tightening that happened over the previous year. However, the economy can be in shambles and stock prices can keep going up - so just trade your set ups when they are available.
The vix is also at a very low point relative to the past 2 years, so puts are cheap for a good rr.
Central banks seem to be restarting the liquidity cycle, which would be beneficial for stock prices, but I believe that we have not felt the full impact of the tightening that happened over the previous year. However, the economy can be in shambles and stock prices can keep going up - so just trade your set ups when they are available.
trader itcha
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