Day after US election day and markets gapped up even though no one had a clue who was POTUS in the morning. This gap up coming after two solid days in the green for the indices. Took a MES short at 3457.25 the S3 resistance line with a 50 point up swing into the a potential reversal time of 8:30. Tried to hold as long as possible but got squeezed as it blew through 3460. Ended getting out at 3464.25. Once I hit the eject button I knew I probably exited at the top. Took a loss of $710 on 20 contracts.
As ES started to fall back to earth, I saw NQ still holding up. Took a short at market. Filled at 11786 and 11785.75. Looking for NQ to fall in sympathy with ES. Took one off at 11762.75 as the 30 second stochastic cycled back to oversold. Exited final contract at 11766.50 as the one minute stochastic went oversold. Profit of $833.
Should have stopped myself much quicker in MES. Once it blew above 3460 I should have got out. In hindsight I should have traded RTY since it had more resistance levels and was the weakest index.
