I personally can't imagine getting long here with every indicator showing overbought, the indices all reaching their the long term trendline resistance points, volume declining, and bullish sentiment at a high. But, then again, I have been wrong and probably will continue to be.
June S&P E-mini Futures: Today's range estimate is 1156 – 1170. The ES should reach the 1200 level by the end of May.
1157.75 – 1165.50 actual yesterday (7.75 points) 1157.25 (last night's low) 1156-1170 estimate (June Expiry) for today (14 points) 1161.50 currently, so estimate is -5.50 to +8.50 from here (a bit bullish)
I personally can't imagine getting long here with every indicator showing overbought, the indices all reaching their the long term trendline resistance points, volume declining, and bullish sentiment at a high. But, then again, I have been wrong and probably will continue to be.
Yeah. I've seen him with a 3 point stop loss, this was less than that. /ES chart looked bad, maybe he was watching that.
Carl seems a little nervous lately 🙂
CArl sold one unit at 1159.25
Another perspective on $RUT based ETFs from AmericanBulls this morning:
OK to own: IWM (1x), UWM (2x), TNA (3x)
Do not own: RWM (-1x), TWM (-2x), TZA (-3x)
Smart! Ramp job up, then sell off at the close and then hopefully down by Monday or I give up.
Carl is Long one unit at 1161.75
Slept in this morning 🙂
Carl just now:
June S&P E-mini Futures: Today's range estimate is 1156 – 1170. The ES should reach the 1200 level by the end of May.
1157.75 – 1165.50 actual yesterday (7.75 points)
1157.25 (last night's low)
1156-1170 estimate (June Expiry) for today (14 points)
1161.50 currently, so estimate is -5.50 to +8.50 from here (a bit bullish)
Earl, Looking for my Carl fix!