小学生的 ES 作业 (1/10/2016)

HappyMoney

Market crushed in the past week. For the week, SPX -5.96%, Dow -6.19%, RUT -7.9%, COMP -7.26%. It was the worst start of a year in history. So what will happen after that. Obviously the trend is down, the market is in strong selling mode. But it is oversold in the short term. It is too risky to initiate a short here, and still a little early to long. SPX 1900 & 1870 is in sight. It has every reason to test those levels. Next week, I will be open-minded and prepare to trade both ways. If ES bounces first to 1950 or 1970, I might short it. If ES continue to go lower and get to 1880 or 1860 area first, I might prepare to long.

I think August low on SPX 1867 is likely to hold as support on the first approach. We very likely will see a good bounce from that level. But ultimately it will break. My ultimate downside target is SPX around 1750 area. But as a short term trader and day trader, I take one step at a time.

For Monday ES trading, I am leaning to cautiously bullish, and looking for a possible oversold bounce, hopefully from a lower level than Friday's low 1910. Upside target around 1950.

novice_trader

cfayahoo

支持明天反弹一下

源济

谢谢分享！

acoust