ES Journal - 2017/2018

[Laissez Faire]

My basic bias for today is a positive close on the day. That doesn't rule out a lower low during the day. All dependent on where we open.

I'm feeling fairly confident we make new lows later this week if not.

 

[oraclewizard77]

The trend is lower until or if some good news comes out like Trump makes a deal with China.

Looking for ES over 3000 ..

Global equities will mean revert into trend.

 

[Pekelo]

Currently this trade has no stop loss, so according to OP:

Trade disregarded for journal integrity purposes

In addition, no stop was posted. Therefore, TDFJIP.

 

[Laissez Faire]

Anticipating a test of the current lows now.

Any other predictions for the day?

 

[Laissez Faire]

Rationale: reversed off the open.

Unless we double/triple top here, maybe we're done below for now (and even for today).

 

[Laissez Faire]

YM looked very weak there for the moment, but currently green. NQ looking stronger now also.

 

[Laissez Faire]

I was short at 64 and took a 1,5 point loss. Tempted to short again, but this market seems to want to go higher. Also supported by some other data I have.

I am however too fearful to buy here, so will be sitting on my hands and stalk a potential short.

 

[beerntrading]

Any other predictions for the day?

Not necessarily today, but this week looks a lot like we'll just chop into option expriy. A few single names on either earnings or news, but nothing clear signalling either direction.

 

[Laissez Faire]

Strong market. Could easily trade up to 90s today, I think.

I maintain a short bias for the week, but we are due a recovery at this point.

 

[Laissez Faire]

Now look at that. I bet many people was anticipating a long entry on that initial pullback. Should be interesting to see if it's just a nice down swing or if there's some intention behind it and we can make new lows on the day.