ES Journal - 2014

Avg now at 1938.75 Asking 1945, stop 1919.75 - GTC

Overnight puke was tough.

Did you stop yourself out or still have long position.

We are standing at weekly low, so if you still have your trade or want to enter long again and take your trade next week, high probability that next week will see 1935-1940.

We can't have 2 weeks consecutively down without any meaningful bounce. Argentina default doesn't seem too bad.
 
Overnight puke was tough.

Did you stop yourself out or still have long position.

We are standing at weekly low, so if you still have your trade or want to enter long again and take your trade next week, high probability that next week will see 1935-1940.

We can't have 2 weeks consecutively down without any meaningful bounce. Argentina default doesn't seem too bad.
Agreed... Even though this market may want to go lower, it usually doesn't go down in a straight line. They will tend to run it up first to squeeze out the weak shorts.
 
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