ES Journal - 2014

Market is reacting to major long term structures, whether this is the real thing or just another bear trap, is too early to say but January has been depressing for bulls, which is not a good sign for the year; Still, anything can happen and caution advice no matter which side you prefer, I think both sides is the best way to trade these markets, predicting anything aside from short term moves is a daunting task these days, take it day by day, wave by wave, adapt to what the market gives you. The vix has risen and that alone is something I'm grateful for, some good swings this year so far, let's hope it continues this way.
 
mastacoli71 said:
Well played by the institutions into the close. 60 min HNS in this consolidation for the move down to 1750s
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My indicator that we were going lower fired off when I sold weekly puts at the close to partially protect my short position. I am still slightly short.
 
I ask myself at this level what most are least expecting and that is direction they will take it. Maybe retrace up to 75-79 area and then lower.
 
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