ES Journal - 2015

I don't watch the Dow, but the way I look at it is this: the afternoon shorts from 1998-1985 will get scared if this pushes and retests 1998. The hourly will look like a reversal, and we will have retested todays high that really shouldn't be retested. All sets up for many players to be caught on the wrong side. Lots of traders short due to the 10:00 news that came out. IT all sets up perfectly.

Now will it ? Who knows. You may end up getting out of that trade b/e. All i know is, 20 point intraday move up, no matter the vix level, is cause for worry if u are short
plausible argument, for afternoon, but this not afternoon ET, NOW
 
No Gann on chart but here is turn potential from a Lo swing Gann.
From Monday: 2054.50 to 1998 = 56.5 pts for Mr. Gann
View attachment 148879


Guess where we are...
(double bonus points, where was 73.5 wick)

Jan. 31 15 - Copy.jpg
 
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