Sep 132012
 

I couldn’t believe how far ES spiked up today.  Pretty amazing pop.  I expected a retest of 1456 area (using September contract until Monday) but wasn’t interested in fading this.  So I took it on sim.  And proved why fading a strong move is not a good idea.

 

EDIT: ES hit 56.50 just before the close.  I had the right idea, just didn’t have a good entry.

 

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