ES Journal - 2016

[recession2016]

island reversal in play here if this gap down holds into US open

 

[der_kommissar]

Here is an idea to stimulate weekend commentary.

Just like stops were hunted outside the channel in the "blue area", the same could be said about the "red area".

Definitely time will tell but with bearish seasonality not far away (typically past these earnings) and the fact that SP500 already took the 2015 lows plus the chances of an outside yearly bar being extremely rare, the red area is certainly, appealing.

This parabolic move up looks structural.

Well it does support my "pet theory" that it is a hyper-volatile Fed induced trading range...That red area would definitely represent a ton of capitulation...I've read any number of bloggers who pegged Price X,Y,Z as the definitive high, which has, at times, held for a few sessions before another vertical ramp (ala 4/1, 4/12, etc.)...

 

[Buy1Sell2]

Remaining short here this morning.

 

[Buy1Sell2]

Quite the buy signal here on the 1 min and 5 min

 

[Buy1Sell2]

Staying short with my longer term swing trade.

 

[recession2016]

bahahaha

 

[Buy1Sell2]

Quite the buy signal here on the 1 min and 5 min

Certainly was

 

[Iron.Maiden]

Well it does support my "pet theory" that it is a hyper-volatile Fed induced trading range...That red area would definitely represent a ton of capitulation...I've read any number of bloggers who pegged Price X,Y,Z as the definitive high, which has, at times, held for a few sessions before another vertical ramp (ala 4/1, 4/12, etc.)...

I need it to get to my red area outside the channel before getting bearish and then of course, witness bearish price action that would support it to confirm it.

 

[der_kommissar]

I need it to get to my red area outside the channel before getting bearish and then of course, witness bearish price action that would support it to confirm it.

That's reasonable.

 

[der_kommissar]

I remember in Jan-Feb when the IWM (Russell 2000) literally could not find a bid. The selling was relentless for weeks. Fast forward 2+ months and it's rallied 21.5% and counting. There are probably some good analog's for this market in the 1930's...forget about recent history.