Update 1:11am EST: well that didn’t last long, re-shorted ES, got first target hit, will leave it as a runner overnight.
Update 12:41am EST: some Aussie rate decisions just hit the wires, leaving currencies alone for a while. also covered ES short, will re-evaluate in the morning.
Update 12:39am EST: ES is testing minor ambush short at 830.5, Euro is testing AS at 1.3374.
Some AIG news just hit the wires, could be a factor in this move up:
About a half-dozen bidders have emerged for American International Group Inc.’s asset-management business, according to people familiar with the matter. But the sale of the $100 billion portfolio has become complicated by client withdrawals and declines in asset prices.
The auction is for the piece of AIG Investments that handles outside asset management for pension funds, insurance companies and wealthy individuals. The division’s portfolio consists of a wide range of investments, including private-equity stakes, hedge-fund interests and stocks and bonds.
The sale shows the pressures on AIG, which is controlled by the U.S. government. At the same time AIG is …Update 11:48pm EST: SO much for MSU, theyll have to deal with being 2nd best team in the country for now
Euro action is rather slow, as it’s trading up to 1.3374 ambush short, if that doesnt hold watching for 1.3452 bigger ambush from daily analysis
ES emini is trading in ambush consolidation zone between 833.25 and 826.5 ambushes, with minor short ambush at 830.5
Update 11:05 pm EST: ES futures are within ticks away from target below, watch for bounce here, failure for trendline and ambush to hold could mean retest of Today’s lows and then gap fill. Bullish case has also be considered (regardless of me currently being short :))
Update 9:14 pm EST: GAME TIME , GO MSU
Update 9:07pm EST: 1.3374 is a short ambush on the Euro, looks like first high probability short entry opp.
Good Evening Traders,
after resistance at 833.25 ambush from globex highs ES has pulled back and sees like it has formed a short term double top at that level, with target of that double top being exactly 50% ambush long fom the daily lows at the bottom of channel in place from the lows. Keep an eye on the chanel support and 826.5 level on the way down:
esovernight1
Euro is now trading inside the ambush zone of last week’s run after breaking 1.3349 50% line earlier in the session.
Good luck and good trading to all
Vlad