ES Journal - 2017/2018

[Spooz Top 2]

10 year got off the mat and plethora of good earnings and couldn't press higher overnight. Confluence of fibs from 4/18 and 4/24 highs and trading to the meaty part of 4/24 pa has halted upside. Impulsive price action from 4/24 appears to favor the downside presently and a move back to 200 day. Minute by minute headline risk with 232 tariff announcement by Monday and Mnuchin presumably hammering things out with China. Next week should resolve this mess.

Informative observation... +1

60 = a significant pivot here as well & short term line in sand!

 

[zenemini]

Long 51.75, all out at 50.25 or 61.75.

Now all out at 56 or 61.75 whichever first ... but probably won't risk the whole 3 points back to 56 for the sake of 2.75 to 61.75 ... watching T&S

 

[zenemini]

S57.25
PS 60.25
targeting 57.00
cancel target
add 57.75 short

You were targeting 1 tick, Handle?

 

[Spooz Top 2]

Very significant battle going on up here... the breakout on this wedge will provide us with a 350 Handle Spooz move & 3500 Dow Point move North or South .... so this break will dictate the remainder of the year & possibly longer......

I have a theory on how we play out as there is serious Scarole to be made here on this impending move!

 

[rocketman987]

hammered but back in..

short ES 2660.50 stop = 10 handles

 

[KevinD]

Market still closely following Mar 16-22 (or thereabouts) analog.

 

[manonfire]

Shorting 2664-2667

 

[mastacoli71]

Short 2650...willing to add

Add 2665...avg 2657.5

 

[KevinD]

Looks like 2670 cash SPX is the bullseye

 

[Buy1Sell2]

We may end up having a cash gap today at 2647. We'll see when we close. I would have liked to have seen us trade down a bit before this rally but it is what it is. We have a gap above us to fill at 2703 and so I am fine if we fill that one . Short term and Long term trends remain up and a trendline can now be drawn from the low of April 2 and the low of April 25. I would expect support along this line and I would expect some slight resistance at the downtrend line of the funnel. That line right now equates to mid 90s.