Recap of last week
Last week we went into with a heavy short bias and got rewarded handsomely for that. This was last week’s summary outlook.
This was the execution.
We were short from May 16 at 5976+ on ES.
We reloaded short last Thursday at 5887, which went for +150 points as we shorted basically the top tick before Trump announced 50% tariffs on the EU. The low of the week was 5756, and if you got short using any instrument from our short entries 5887-5976 you would have made alot of money.
As always the price action knows before the news hits the wires.
All in all we bagged around 200 pts on ES last week. In two trades. We did not have any losers on ES.
We also took some puts that we cut for a -10% loss last week. Overall another great week, 2/3 out of the trades we took, deep in the green.
Next move for markets