Tuesday 6/7

The selling is losing steam, but I don't want to close the position yet. I think we'll continue to get choppy action with overall direction being down.

I have moved stop on the open ES short position to slightly bellow break even at 1309.











The most interesting thing is that both the Dollar and ES have been going down together lately. This is the first time this has happened since the crash of 2009. Does this mean that risk trade is decoupling from the Dollar? Maybe QE is ending? Hard to tell. But the market dynamics are clearly changing.