It's possible as the hourly is reaching exhaustion level on the downside in an upmarket. But I would rather see a new floor build out in this area prior to short term trend reversal. Mind you---long term trend remains up . It was a nice downtrend today. Bears did well. I did anticipate floor build out in this area though and will look long again Thurs.
ES Journal - 2017/2018
- Thread starter Buy1Sell2
- Start date
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Longer term really depends on what happens closer to 90 day trade war cease fire.
1) They make some progress and kick the can down the road again, short term up market and overall good.
2) Deal falls apart, Trump raises tariffs again. This is the end of the bull market, we are looking at a possible 1000 point fall in the ES but not in 1 day. Probably 90 point fall.
3) Trump was doing art of the deal mind games, and he was actually planning on doing a deal, it gets done, and we see a 1000 point up move in the ES as least 90 points upside in 1 day.
1) They make some progress and kick the can down the road again, short term up market and overall good.
2) Deal falls apart, Trump raises tariffs again. This is the end of the bull market, we are looking at a possible 1000 point fall in the ES but not in 1 day. Probably 90 point fall.
3) Trump was doing art of the deal mind games, and he was actually planning on doing a deal, it gets done, and we see a 1000 point up move in the ES as least 90 points upside in 1 day.
Option 3 is the likely scenario
Well....2719....
Hope you guys capitalized on some great action from both sides of the plate... been away from markets last 2 days... 2 costly days at that!
Perfect 100 Handle Rule move off prior Resist at 2820 Range
Perfect 100 Handle Rule move off prior Resist at 2820 Range
Well...did not realize globex would stay open! Would like to see pullback now to get long.
Never say never. This mkt is completely broken now
It truly is.
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