ES Journal - 2017/2018

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Pekelo said:
"The Gravestone Doji is formed when the open and the close occur at the low of the day. It is found occasionally at market bottoms, but it's forte is calling market tops. The name, Gravestone Doji, is derived by the formation of the signal looking like a gravestone"

My analysis:

On Friday we were only supposed to pull back to 2620, but because of the Chinese trade war news we overshot it downward. Today's rally should have reached much higher had it started from 2620 and not from the Friday's bottom of 2590. Today was a gravestone doji and if we count that its top should have been about 30 points higher, we would have got a nice topping pattern. Basically in your mind just push the last 2 days candles higher by 30 points.

All in all, I bet on a down move from here...
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81.2848587% chance you are wrong

:)
 
Looks like I am wrong. But why are the futures up, when the whole Cohen raid should be negative news?

Edit: Seriously, why are we up 30+ points?
 
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Pekelo said:
We are following the Nikkei. Right now we are looking at a 35 points upgap. Zero chance that it is not trying to close at least half way.

The reason for the rally seems to be this:

https://www.cnbc.com/2018/04/09/chinese-president-xi-jinping-speaks-at-boao-forum-for-asia.html

Edit: If Mueller gets fired that is an easy 100 points drop for the market.
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Mueller getting fired by Trump might lower the market temporarily, but I would think Mueller fired by Sessions would light a fire under the market. In any event Rocky, I don't look for certain results from news. It's too hard to predict.
 
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