ES Journal - 2017/2018

[Buy1Sell2]

its a mature market, since 2014, the money has segregated into fewer and fewer stocks, the broader index, hasn't made new highs. Its a false rally. Plus seasonally negative with elections, trade wars, and politics. The broader index is lagging and hasn't confirmed similar to 2000 and 2008.

Wouldn't that leave a lot of upside for the broader market?

 

[manonfire]

its a mature market, since 2014, the money has segregated into fewer and fewer stocks, the broader index, hasn't made new highs. Its a false rally. Plus seasonally negative with elections, trade wars, and politics. The broader index is lagging and hasn't confirmed similar to 2000 and 2008.

I have never plotted no could I read a candlestick chart. But as they say, wait for the killer candle to short.

 

[treeman]

To me, it does look like an ES pullback is in the works (a real one, not the blip we just saw). I would expect it be a great buying oppt'y. The breadth in this market is very healthy overall, and I'm expecting a slight deterioration there, to more normal levels.

 

[Spectre2007]

Wouldn't that leave a lot of upside for the broader market?

It can, but valuations are already at historic metrics.

I may have a huge drawdown point wise but nothing significant percentage wise of equity.

 

[Spectre2007]

I have never plotted no could I read a candlestick chart. But as they say, wait for the killer candle to short.

These are just runners, it keeps me in tune with price action. The best variable is the 2am downdraft.

 

[rocketman987]

 

[rocketman987]

shorted 2902

 

[_eug_]

Rocket, have you tried trading CL?

 

[rocketman987]

got me long @2913.25

 

[rocketman987]

my trgt is just shy of 20