ES Journal - 2017/2018

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I don't know how to read this other than an imminent breakdown (sometime monday, maybe by opening). The up-juice is gone. I have a stop sell right below this trendline (which hasn't been clean anyhow).
 
Bullys in need of some Bolivian Marching Powder to keep this pathetic drive alive!

Sitting on an explosive IHS & given a generous head start/ Gap... they gapped & crapped again! Brutal .... Can only fail at a certain level so many times.

Things feeling kinda Heavy..........................................
 
nickynoes said:
These periods will come again in the future. We might be in a crazy volatility rally up drop down market right now and it is hard to tell how long it will last, but you can be sure it will end and come again, just like the slow steady bull markets will return.
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Be that as it may, your insinuation that slow grinding up markets are where the money is, is not our current reality. I feel like a broken record giving the same ominous warning over and over but I'm slowly realizing a lot of people would rather tell the market what to do than listen to what it's saying.
 
mbondy said:
The bull market ended 2 months ago; inherent in every rally is the danger of
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..making huge amount of money. Bear markets have the most vicious rallies. We just had 90 points up in 10 hours, where else do you get those?
 
There was zero chance today of leaving 3 almost consecutive upgaps behind. I think we are done with the up, 2580 here we go....

Also you just know Trump is going to fire someone over the weekend...
 
Pekelo said:
Also you just know Trump is going to fire someone over the weekend...
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That's hilarious...it just occurred to me that Trump ran that Apprentice show in the mid-2000's...and would always say 'You're Fired.'...and now, history repeats itself...he's firing people nearly every week left and right.
 
Pekelo said:
..making huge amount of money. Bear markets have the most vicious rallies. We just had 90 points up in 10 hours, where else do you get those?
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For future reference, 1 point = 4 ticks... just so you can sound more informed when you're trying to tell people who actually trade for a living what the score is ;)
 
mbondy said:
For future reference, 1 point = 4 ticks...
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14K posts here, and I never knew that!!! Thanks for informing me, I always learn something new, that is why I love ET!!!

By the way why is it relevant? I meant 90 points (or 360 ticks for you) it wasn't a typo, honeybun.... Happened on Apr 4th, those who trade for a living, remember... :)
 
Pekelo said:
14K posts here, and I never knew that!!! Thanks for informing me, I always learn something new, that is why I love ET!!!

By the way why is it relevant? I meant 90 points (or 360 ticks for you) it wasn't a typo, honeybun.... Happened on Apr 4th, those who trade for a living, remember... :)
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14k posts here and you still think candlestick analysis and using charts + indicators is trading.
 
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