I was right this morning about our sideways market but I had to draw in the 1835.75 area of Major Support MS raising it from 1804. Like I said this morning, the longer we go sideways, the bets are that we will continue lower. I shorted the high of the day in the ES with 1 contract and I was up about $750 at one point but moved my stop down and I finally covered my short with a nice $460 bucks. Again, I'm waiting for the 1908 price retracement to sell a CCS or PCS depending on the volatility at this time in the SPY. FYI - I'm charting the ES but taking my trades on the SPY...
Click on chart to enlarge ES 01212016 Close
