Week of November 10

Last chance to make money before Holiday Trading begins

Recap of last week

We had a killer last week. Extremely volatile but we did really well.

On ES, we took 2 trades. The first trade we closed for -2. The second trade we closed for +59.

We took 3 option trades. One went to 0, the other two were swing longs that we still have open that look to open extremely green next week.

Friday we went on a rampage. That was our 59 point ES long after buying 6701. The big winner was we bought call spreads at 11:33 AM on Friday when ES was around 6666, right before the huge afternoon rally where ES closed 100 points higher in mere hours. Not the low tick, just extremely close to it :).

By the way, flashback to a week ago where we sold all of our swing longs (ES + call spreads) at 6943. The all time high on ES futures was 6953. So after we basically sold the swing top, we came back and basically bought the swing bottom.

What can we expect if the government shutdown ends imminently, is it a sell the news scenario?

Next move for markets