ES Journal - 2015

That is the area near the low from July which was a somewhat panicky bottom and also lots of other traders looking at 2040 as resistance. I don't view it as a long term area of resistance, like I do 2060, which is the end of 2014 level, a huge psych resistance level. 2040 should be no problem to get through, 2060 will be much tougher but doable considering how underinvested hedge funds are.

I think this might be another excuse why the market sold off this morning.

upload_2015-10-20_12-40-22.png
 
---Day trade 10 to 1 margin. Long 2020.00 Initial stop 2018.00
--Stop raised to 2022.00
--Stop raised to 2022.50
--Stop raised to 2023.00
 
---Day trade 10 to 1 margin. Long 2020.00 Initial stop 2018.00
--Stop raised to 2022.00
--Stop raised to 2022.50
--Stop raised to 2023.00
--Stopped out for 3 pt gain
 
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