Week of May 18
Is it time for a pullback.
Recap of last week
We kept it simple took 1 trade last week, bid the low of the week with 4 pts MAE, and it ran for about 170+ points in the end. We sold everything on Thursday while the late buyers got dumped on.
On Friday of course ES finally buckled and we had a pretty big down day considering the recent melt up. It may be time for a pullback, but just a technical retracement or something larger?
