ES Journal - 2017/2018

[speedo]

very nice PA this morning

 

[zenemini]

very nice PA this morning

If this continues 2586 is next target. Sure would appreciate it if some buyers stepped in for a rally before then. If 2586 before lunch, then range/bounce until after lunch and a run at the February lows this afternoon?

 

[mastacoli71]

Covered half 2629.50...avg short 2661

Covered 2605...avg short 2661...runner left for bigger move

 

[zenemini]

If this continues 2586 is next target. Sure would appreciate it if some buyers stepped in for a rally before then. If 2586 before lunch, then range/bounce until after lunch and a run at the February lows this afternoon?

break 2594 then 2586/87 is almost a certainty. This is a humdinger of a sell off. High tick today only +364 with sustained -1000's - is that right? I almost doubt the data.

 

[zenemini]

Sell limit at 2604 with a 3 point stop and 2587 as profit target

 

[treeman]

Truth be told, I took low risk entry day trade Long on YM Tuesday.... Been looking at YM as it`s providing much cleaner setups with a cleaner chart... I took 3rd test of 23,800 with a tight stop.. came back later in day & target was hit at 24,000 on a 5 lot.... I didn`t post as it was not in real time nor was it ES.

I may be sticking with YM here for a while until ES cleans itself up or a cherry presents itself.

Good Trading Fellas...

I don't like the YM because the way the index is constructed makes no sense to me. I usually trade the NQ as it's quicker than the ES.

 

[zenemini]

very nice PA this morning

Very easy to trade on days like this. The Brooks traders ought to be cleaning up.

 

[treeman]

Imho, if market doesn't get bought here at 16/17, then the HOD is in and we are in trend day down.

EDIT: Then again, a double bottom rally off the 2009/12 would not surprise either - it has been that kind of market lately.

In a consolidation range, I notice whipsaw city with the signals. Things will look bleak as hell, and it rips higher and vice versa. Until we break the range, I don’t consider anything done. Disclosure: I went short last night. I consider overnight action relevant. Target ~2560 where I may reverse throttle.

 

[zenemini]

In a consolidation range, I notice whipsaw city with the signals.

I assume you are speaking of the contracting range that has formed since the February low. If so, imho, that period of range contraction is likely over as of this morning, range should now expand, and the market likely is heading to 2450's to 2550's. Could go lower, but have to give an almost 10 year old bull market the benefit of the doubt - so potential Double Bottom and back to all time highs. This is not a call - I'm no Nostradamus. Just saying what the possibilities look like to me today.

See y'all after lunch

 

[manonfire]

It's about time for coordinated buybacks as much as I would like to be short.