ES Journal - 2017/2018

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I had to use Advanced Google, because ET's search function didn't find my Step Down Day (what today was) thread:

10 years ago, in a Journal far, far away....

https://elitetrader.com/et/threads/es-journal-archive-2006-2008.228046/page-4461

Vertigo3:

"Pekelo,
You posted url for ADU day the other day, but it has nothing about step down day.

Last time we had one didn't you say buy the close and hold until 10:00am following day?
worked out didn't it?"
 
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volente_00 said:
We went up 300 points May to August on low volume
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Low volume in context to what, the February skyfall? Your framing includes June rollover too.
Blue line is 30SMA, 6/wk or so, calendar days.

XRvWyGPn.png
 
Spooz Top 2 said:
LL on Globex ... Right Shoulder build out off IHS... down to 2725 zone or lower.
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From Friday ^^^

Bingo .. I Left short Handles on the table but my target shooting buy limit orders well below market price has paid off.... I have Buy Limits all the way down to 2701... 30.25... 25.25.. 20.25 have been hit to put me long as I`ve used my cover zone to put me there... looking for 1 more fat tail Dip n Rip potential here to wipe out weak longs.
 
This IHS almost looks too obvious... a little Too Sweet... could very well be a bull trap... but one has to trade what one sees... I`d like to see some quick separation here to the North... I dislike being OTM even by 5 handles...

Good Luck Fellas....
 
volente_00 said:
While the bull is old I think you underestimate the strength. I'm pretty confident that we will tag 3000 from 2685-2720 to create the last leg up.
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Believe me I know it is strong but conditions have changed. You need strength in corporate america for the next leg up. Look at how many have flattened rev projections and earnings potential for the upcoming year. I said this before...why take the risk to squeeze an extra 10% out of this rally. Personally, It makes no sense to me. But to each his own.
 
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