Short at 1130

Short at 1130

On Friday I expected trendline A to be in play and after closing below trendline A, I was expecting a pullback this week. Instead S&P futures are up over 10 points. So I have drawn a new trendline (B) which is the next trendline that ES has to break to indicate a trend a change. I favor shorting at 1130 ES and going long with a tight stop at ~1120 ES (support from trendline B). If ES breaks trendline B then ES is headed back to 1108.

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