/ES New All Time High in After Hours 1,595.50

What a run this market has had not just in 2013 but really since October of 2012. If you take a look at the chart that I have shared below you will notice that we started this uptrend we are currently in at 1123 on 10/3/13. As of last night the all time high is 1,595.50, thats 472.5 points or +42%. That is a very impressive run indeed.

In 2013 alone we are up 135.25 points or about 10%. Q2 is over and its a new quarter. The question everyone is asking themselves is whether the run up can continue or is the market getting tired and ready for a nice corrective and consolidation move?

I honestly don't know how you can commit any new capital to the longside at all time highs. Will the seasonal sell in May go away provide the needed environment to bring this market in? Only time will tell, in the meantime I will continue to remain negative delta.

Good Luck Trading!

In The Money Trades

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