ES Journal - 2017/2018

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I am disappointed that we still have that small overnight gap. I would feel better if we would back off and take that out. ---It doesn't have to of course as not all gaps get filled, but I would rather it did it now. ----
 
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nickynoes said:
Why? Bear markets have some of the strongest rallies in them.
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In the short term I could see this making a big ole W pattern up to that 2740 - 2750 area to suck everyone back in before spitting them out again.

This bull market has been unprecedented in its strength, so I wouldn't be surprised if the way it fails is equally unprecedented. Just having it fall apart would be too easy. Maybe we see a long period (six months or more?) of wild swings between 2,500 - 2,800 before the final break down hits.
 
MidwesternTrader said:
In the short term I could see this making a big ole W pattern up to that 2740 - 2750 area to suck everyone back in before spitting them out again.

This bull market has been unprecedented in its strength, so I wouldn't be surprised if the way it fails is equally unprecedented. Just having it fall apart would be too easy. Maybe we see a long period (six months or more?) of wild swings between 2,500 - 2,800 before the final break down hits.
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Anything can happen, I’m just going to keep following the price action.
 
The most concerning thing about these rallies is that there is an enormous seller selling into them. At some point, he's going to flex his muscles and then everybody's fucked.
 
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