ES Journal - 2017/2018

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mastacoli71 said:
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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Most bearish thing I'm currently seeing is how crude oil has gone "bid-less" for quite awhile now. Down 25% or thereabouts since early October. You don't see a move like that unless something is dramatically shifting about.
 
I see the inverted H&S, but I don't think it would play out. On the other hand:

Pekelo said:
so 2650 is the next target, with a possible bounce up to SMA 2750 first...
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We already got 2755 today, a perfect touch of the daily SMA and now price is pulling back...
 
Nice bull continuation flag is now on daily. We are once again in the buy zone. Hope people made money from the last buy zone that I mentioned.
 
Buy1Sell2 said:
Nice bull continuation flag is now on daily. We are once again in the buy zone. Hope people made money from the last buy zone that I mentioned.
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We break this overnight low and gap fill inevitable. If that gap fill does not hold we see 2500’s
 
Spooz Top 2 said:
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....
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The long trade is risk free if you took the neck short
 
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