It’s Monday evening at about 20:45 CST and $ES is perched atop the upper channel trendline that it crossed above last week, which is acting as support thus far. I fully expect a dip below the trendline this week…but I know the market could care less about my expectations. I have a limit buy on my 2000 Mar11th call @ 4.50, which would close the position with a gain of 10 points ($500). I’m still looking to get long on a pullback and plan to do so with a put sale initially.
On the daily, the bottom of the wedge is at about 1975 for tomorrow’s session.