ES Journal - 2017/2018

[Buy1Sell2]

Long 2610.00 Initial stop 2598.00

Loss of 12.25 pts

 

[speedo]

Market drop right on cue!

It's a gift

 

[volente_00]

53 minutes for that gap fill

 

[volente_00]

An archaic rule is that a stock must be down 20 percent to be in bear territory. It's just arbitrary and most of the time there is good value at 20 percent down for a purchase. (depending on the stock) The broader market must drop through long term support and follow through that level to be in a bear market. Right now, we have pullback in an upmarket-----until 2530.

Another metric is the 200 day

Bears live below it

Bulls live above it


The longer we stay under the more bullish I become


My spx range continues to be 2540-2800 on a longer time frame so any shorts taken here are risky if you plan to hold longer term

 

[Laissez Faire]

53 minutes for that gap fill

Not today.

 

[Laissez Faire]

I don't find much interest in other people's P&L, but if @destriero insists on posting, he should post his statement from last Friday when he made his now infamous 'Minimum 2725' call. Still 125 points below and counting...

 

[Spooz Top 2]

All I know is it's the best trading December in several years.

Spot on, man!

When you can make money from both sides of the plate like these last few months... who cares if it`s a Bull or Bear.... My favorite market is a Volatility induced market!

 

[tiddlywinks]

Nobody mentioned...

Rollover began yesterday.

 

[Spooz Top 2]

December is one of , if not the most bullish month of the year... I started leaning long recently, last 2 weeks, for the traditional Christmas rally... If Bullys can`t rally this bloated piggy in Dec,
They are toast come 2019!

Bear Flag on daily was the Real Deal! Can`t wait to slide on my shorts again on a position basis.

 

[JSHINV]

It's been quite a while since I've posted anything. The 50 day SPX SMA has passed below the 200 day SMA about a week ago. This doesn't happen often. When it does, it's hard for me to think in bullish terms.