Daily Reflection: 05.19

20 May

A choppy day today, but again nice size intraday swings on the /ES. The 6E was a nightmare to trade and we will be treadding lightly for the remainder of the week. We have three scenarios for tomorrow.

1. If we move up to $1123 and and sell off, we will have a downside target of $1088.

2. If we move up to $1123 and continue up through $1129 will have a bullish target of $1203.

3. If we open and do NOT trade up to $1123, but sell off from the open breaking our 1098.75 lows, then we will trade back down at $1056.

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