The equity markets are still moving lower this morning with the futures trading lower in the overnight session on concerns of a resurgence of COVID-19 cases. Yesterday’s fatalities saw the first increase in deaths in the US since June 7th. Bearish momentum has increased during the day trading session so I want to attempt to capture this downward move. Call me if you need assistance with executing this trade!
I recommend the following:
SELL ESU20 @ 3080.00 or @ Market
BUY STOP @ 3095.00 ($750 risk per contract)
BUY LIMIT @ 3060.00 ($1,000 profit per contract)
The MICRO contract is 1/10th exposure per contract.
*Risk/reward are calculated before commissions and fees*
60 MIN ES – Bearish TAS Navigator and TAS Vega = SELL
Jace Jarboe | Commodity Futures Broker:
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