The Bear Slaughter Continues…

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  Overnight Price has pushed through the 2048.33 area becoming minor support (mS) and is knocking at the door of our 2067.75 area or T1.  T2 is close by at 2091 and the longer target found off the Weekly chart is at 2098.  I took my profits on my May 20th 198/199 put credit spreads and I still have my Call side on 209/210 of my Iron Condor but leaning long by one contract (back ratioed).  I do have another Iron Condor out further the June 17th. 210/211 call credit spread which I'll look to back ratio on the next pull back to mS at the 2048 area.  I also have the 199/200 put credit spread making a nice profit at this time, but not quite enough to take profits yet.

ES 03302016 am Wednesday
ES 03302016 am Wednesday

    

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