ES Journal - 2017/2018

[Buy1Sell2]

We are now getting into the territory of 2570 that I have talked about. Short 2571.00 Initial stop 2577.00

For journal integrity purposes, I am counting this as a 6 pt loss as I had to step away quickly after my cover ast 2564.00 and was not able to post.

 

[Buy1Sell2]

The idea would be that this 2570 that was serving as resistance would now become a new support level for a spring higher. Market seems to be suggesting so, but it's not confirmed yet.

 

[FriskyCat]

Looks like obvious spike resistance area would be into 2586.50-87.50.

 

[Buy1Sell2]

Pek's indecision dojis for the last 3 hrs.

 

[Buy1Sell2]

I like this initial pullback. Let's drop it down a bit and gather it up!

 

[volente_00]

2592 on the radar

Buy the low

Sell the high

Walk away at the top

 

[Buy1Sell2]

What was the FED decision by the way?

 

[FriskyCat]

Been a long time since I've seen this type of post-FOMC reaction.

 

[speedo]

Yep, been pretty tame last couple of years.

 

[Pekelo]

What was the FED decision by the way?

0.25% hike but the more important is that 2 more next year. Not dovish enough...

The pattern is a giant funnel for today (indecision), let's see which way it would break out.