ES Journal - 2017/2018

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Slightly offtopic, but it is fucking snowing here... :(

On the other hand we are nicely going up. On the daily we finally crossed the SMA line >>> very bullish.
 
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Expecting an Outside Day to end the session today.. prior to the inside day yesterday...
Reversion move appears to be imminent here over next couple sessions.

We can trade as hi as 2750 & remain intact... Covered remainder 17 cars at 2602 ... will reimplement short position up North ... Flat

Not buying it, not going to stick! Horrible participation and momentum, seller at the 25s-26s for the close.
 
If eventually we have a deal where there is no trade war, then yes we are not at the end of the bull market. If a trade war occurs, then the bull market is over and you can sell these rallies. Today was good economic report with skepticism that these tariffs will actually go into effect.

"If you buy every correction in a bull market, you'll only be wrong once--the top. If you sell every rally in a bear market, you'll only be wrong once--the bottom."

Price Action combined with Support & Resistance.
 
Expecting an Outside Day to end the session today.. prior to the inside day yesterday...
Reversion move appears to be imminent here over next couple sessions.

We can trade as hi as 2750 & remain intact... Covered remainder 17 cars at 2602 ... will reimplement short position up North ... Flat


Heavy!!!!


:)


Don't take anything I say personally. I've always appreciated your comments and insight for many years. My apology for being an asshole and offending you with the hot dog reference.
 
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