ES Journal - 2017/2018

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Builder17 said:
Well done on the breakout that's been underway. If this reversed, Do you think it's likely that the 200 day ma would be support again? And if not where would you place your stop/exit position in that case?
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I don't pay much attention to 200 but it appears the market does so yes.
 
Should be at an inflection point to see where this thing wants to go. Of interest is every time the ES has stalled out on these up moves since the February nut kicker, it has immediately sold off for a week or two.

But if it can kick the stall and fall to the curb and muster the strength to close above 2785, I'll consider new all time highs coming. Although I'd rather see this falter here and test that 2600 area again.

ES 500 5.14.18.png
 
Wow...red close
MidwesternTrader said:
Should be at an inflection point to see where this thing wants to go. Of interest is every time the ES has stalled out on these up moves since the February nut kicker, it has immediately sold off for a week or two.

But if it can kick the stall and fall to the curb and muster the strength to close above 2785, I'll consider new all time highs coming. Although I'd rather see this falter here and test that 2600 area again.

View attachment 186108
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Cash 2763...high from 2/5 weekly bar. IMO that will be the tell. Already rejected 2741 which is high from 3/19 weekly bar. Seems to me it is losing steam. That’s why it needs volume to confirm and so far not seeing it.
 
Took a dizzying short at 2710, out +2, price was moving too quickly for me to keep up and I'd accidently deleted a stop order. Price action seems to be settling down again at 06:48 west coast.
 
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