Elite Swing Trades

[SwingKing]

I believe I said that but you only posted part of the quote.

Wow they closed the indices futures at 9:15 this morning. In 1:15 minutes /ES lost 23 points but I'm not sure it changes the chart much.

The point I was trying to make was not to be fooled by this mornings move. Futures were only open for 45 minutes after the jobs report. It was on very low volume and can be made up quickly so I'm not putting a lot of faith in it as being some kind of sign. Futures also open back up Sunday night at 6:00 so no telling where we'll be by the time we open on Monday.

My point is these type of events don't necessarily mimic overall market sentiment and can be made up quickly. Of course it could continue but I wouldn't make the mistake of just assuming it's going to. I've maintained my target of 2020 for a while now and I've still got it on my charts.