We’ve been monitoring continued volatility this week in the equity markets to end the month of June. Uncertainty remains with the virus and if it will continue to shutdown/postpone further re-openings to the US economy. Yesterday afternoon, bulls were able to shake this off and rally higher. I’m seeing a similar technical setup now. With TAS Vega indicating further bullish momentum and TAS Navigator/Ratio flipping to bullish in my 30MIN chart below, I want to buy the ES. I recommend the following. Call me if you need assistance with executing this trade!
BUY ESU20 @ 3065.00 or @ Market
SELL STOP @ 3050.00 ($750 risk per contract)
SELL LIMIT @ 3090.00 ($1,250 profit per contract)
The MICRO contract is 1/10th exposure per contract.
*Risk/reward are calculated before commissions and fees*
60 MIN ES – Bullish TAS Vega & Navigator = BUY
Jace Jarboe | Futures & Options Broker:
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