ES Journal - 2017/2018

[beerntrading]

The DOW isn't going to see +300 today I think we can all agree on that.

I want to see it under 200 now.

I wouldn't be so quick to write that off. I suspect we'll see institutional stepping in today around 2:15-2:45 to prop up the market. If AAPL breaks 190 and puts in a new high, the market will have that very substantial tail wind. AMZN making new highs too.

The matador attitude is very attractive for it's sex factor....but standing in front of raging bulls isn't always the most clever idea.


Edit: on a related note, I'm long here....have been for a few mins actually, so the real trade is lower, but we'll call it 2735 for accountability sake.

 

[beerntrading]

Trade thesis on this is to hold the position above stop long enough to catch late day buying.

 

[rocketman987]

Dow is going drop about 35. 24,6smthg lower

 

[beerntrading]

There goes AAPL....does SPX follow?

 

[rocketman987]

28 target on my ES shorts

 

[beerntrading]

There goes the start of late day buying....up from here

 

[rocketman987]

last spike and longs to get out at good price..

till maybe next Tuesday they take another run at it?

 

[beerntrading]

stopped out 28.75....obviously wrong there.

 

[treeman]

stopped out 28.75....obviously wrong there.

Breakout retrace.

 

[treeman]

last spike and longs to get out at good price..

till maybe next Tuesday they take another run at it?

I'm reading it as a Monday break above 2737, and then up from there.