$ES Short

29 Kas 2020

R/R isn't there to go long unless there is a clear break of the ascending channel.

1 Ara 2020

Not

ES pulled back as expected but did not reach the bottom of the channel, instead we are retesting the top of the smaller channel. I would be cautiously short since the break of the larger channel but we will have to see if it holds above the solid yellow line.

4 Ara 2020

Not

Still grinding up against the top of the smaller ascending channel. Individuals need to be cautious here as indexes test ATH's and start hitting pivot points.

18 Ara 2020

Not

Higher Timeframe:

Touching this upper trendline (dotted)

18 Ara 2020

Not

Shorter Timeframe:
Rejecting off this trendline (solid)

I am hedging my long positions with weekly puts on QQQ and SPY.