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Below are two chunks of recent trading (within the past few weeks) of the S&P e-mini.
This is lovely.
This is a freaking, stinking, mess (and it's the current environment,of course).
If you're getting torn to ribbons, don't feel all bad. This market has gone totally spasmodic.
I reversed my /ES position from short to long at 819.50; call it a feeling. Or a mistake. Time will tell.
Since I have shamed myself before the almighty trading gods, I have re-entered /ES shorts (20 points too late……….grumble, grumble) with a stop above 820.50. We shall see.
Otherwise I continue to tighten shorts or, if the position isn't superb, close it out.
I still haven't read comments, so I'm not sure what the chatter is this morning………anyway, I took on mid-sized positions in MVV, SSO, and ESH9 (long) when we were trundling around the retracement level. One of the destructive things about a market like this is that it creates MISTRUST, and that's precisely what it's doing to me. I felt sensational about my positions at the close yesterday. Now I despise (partly) the market, since I feel jilted. Let's see if I can set things straight by the end of the day.
