US equity markets rallied in the overnight following the extended Christmas holiday weekend after President Trump officially signed the COVID relief funding bill. Although last week was a slower and less-volatile trading week for US equities, we observed the ES continue its upward trend higher overall. My target was filled last night @ 3710.00 for a $2,000 profit per contract. Great job to all those who participated in the trade with me!
ESH21 made a new intraday All-Time High this morning @ 3729.50. If you are still long this position consider trailing your stop-loss higher, scaling out of additional contracts, and/or call me directly to discuss an updated plan.
I recommended the following on 12/21:
BOUGHT ESH21 @ 3670.00
SOLD ESH21 @ 3710.00 ($2,000 profit per contract)
*Risk/reward are calculated before commissions and fees*
30 MIN ESH21 Update
Daily ESH21 Update
Jace Jarboe | Futures & Options Broker:
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We hit our target for this trade, but navigating today’s markets can be tough for new and experienced traders alike. If you’re actively trading futures and are looking for the insight, education, and empowerment to make better trades, join the Jarboe Trading Journal for the guidance you need. In the meantime, download my free Introduction to E-mini Equity Futures guide to expand your knowledge of the e-mini markets and prepare for the next opportunity.
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