ES Journal - 2017/2018

[Spooz Top 2]

Calm Assertive is what you`re looking for LL! +1 for trying... An Elephant never forgets!
Cheers

 

[mbondy]

Everything being equal, don't fight the fed. You actually have to consider the impulsive price action form 2/2 and 2/5 fed induced with 2/5 being the day Powell ascended to the Chair.

The fed actually net accumulated assets between Feb 2-5. They were not responsible for the sell-off.

All that being said I see extremely limited upside and odds favoring the downside to Feb-March lows from here, not in a linear fashion or dramatic crash although that could easily unfold as well.

It wouldn't take a dramatic crash to take us to the feb lows. One solid day of selling off would get us there pretty quickly without attracting any undue attention.

 

[Spooz Top 2]

Looking like another 15 Handle Gift Gap... Let`s see what Bullys can do with this one... 2700-2725 window?

 

[Buy1Sell2]

Looking like another 15 Handle Gift Gap... Let`s see what Bullys can do with this one... 2700-2725 window?

Hard to tell yet whether there is a gap as market hasn't opened yet.

 

[Buy1Sell2]

Typically don't like overnight runups but today it created no gap so may be ok.

 

[nickynoes]

This is a good place to buy for the short term up to 2700-2720.

 

[Pekelo]

Hard to tell yet whether there is a gap as market hasn't opened yet.

Even an old geezer like you can learn new tricks:

Look at the ES price at 4 pm previous day, that is your baseline. The current price before the open indicates compared to that base line if it is an upgap or downgap or flat opening.

See? Was it hard?

 

[manonfire]

Should probe Friday's closing range before we get liftoff.

 

[mastacoli71]

We poked the Russian bear. Should be good for shorts.

Not! Holding short from 2680 and still willing to add.

 

[manonfire]

Should probe Friday's closing range before we get liftoff.

Nq got there, liftoff time.