It was a frustrating day… Not because I lost 2 trades, but because the ES volatility evaporated early and it took foooorrrrevvvverrrrr to unfold. The 1570 area should have been strong resistance (which is was), but the relentless bulls were back in force and ground through the resistance. Above 70 and the R2 pivot (71.50), my bias was long for a ride into 1577. I entered a long and went to lunch. Upon returning, I found my stop taken out by some crazy 10 minutes and 15 points of price movement. Apparently the twitter account of the Associated Press had been hacked and a post was made about a bomb explosion at the White House. I wrote up the details today’s opportunities and my trades on the annotated chart below.
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