ES Journal - 2017/2018

[volpri]

The bears are pushing. The bulls are pushing back. Who will give up first?

 

[speedo]

certainly due some correction...sideways or up?...we'll see

 

[speedo]

No surprise that volume on all equity futures is strong

 

[volpri]

Lets see if this attempt by bulls works. Markert still weak. If it fails i am shorting again. I am watching both Nq and es but just trading es this morn.

 

[Buy1Sell2]

We're at an interesting area. This is our 6th visit here.

 

[Buy1Sell2]

One would think on the 6th visit ,it may have a chance to hold. If not, it would not be real good for bull's case.

 

[Buy1Sell2]

Right now, we need a print of 2340.00 to encourage bulls to get back on board and perhaps have legs.

We've had the 2340 print now. There is at least a better possibility of upside legs here.

 

[volpri]

we got two bull bars (5m) in the es and a pb to the 89 sma. Same in the nq. Just waiting to see if the wedge bottoms fails and bear trend resumes. If it does i'll take a chance and short as we may get two more legs down from pb.

 

[Buy1Sell2]

Long 2337.75 Initial stop 2325.00

This stop is too close for the action today. I'll keep it though and re-evaluate if stopped out. We're at 2337 now.

 

[volpri]

im taking a scalping chance 2337 short