The predicted retracement level of 786.75 was almost perfectly tagged, and I am flat the /ES (bolder souls would actually take the counsel of RetracementLevels.com and have gone long that level). I simply am not comfortable taking a big long position in an environment like this.
By the way, I hear there is a free trial this week at RetracementLevels you can get here. I am, as is my habit, extracting a 0.00% royalty on all sales and residuals.
