ES Journal - 2017/2018

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Spooz Top 2 said:
...^^^ From Friday @ 9:07 am

GTC Buy limit set @ 2310.25 x 20c

I`m perfectly comfortable Long here with potential fill.. complete cost basis @ 2344 x 40c...

This Swing trade position is predicated strictly on technical bounce off of Monthly TL, Measured move from previous existing range 2820- 2600 & Fib Confluence zone off swing Hi/ All time Hi print.

I am completely Bearish on Big Pic overall, as I have been last 8 months.. Re: Diamond Topping Pattern.
https://www.elitetrader.com/et/threads/diamond-topping-formation-2-23-18.318542/
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Open order stands as GTC for now.. should they decide to run the early longs.
Buy Limit 2310.25 x 20c
 
We'll need to get above 2387 and have follow through to get this short term downcycle busted for a while. Whether or not in a bear market remains in question as we have seen no follow through selling yet on the correction. With the X Drive now complete, it should give ample opportunity for good trade showings .
 
I am calling for this move to get us back up to the 2530 area eventually (perhaps quickly) and that is where the rubber meets the road.
 
Buy1Sell2 said:
Longs on pullbacks should be in vogue until we hit 2415. At that point the market will have some decision making to do
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This area and 2500 should provide resistance on the way back to the 2530 area. The first order of business though as I stated earlier is to crease 2387 and have some follow through which I believe will occur.
 
Buy1Sell2 said:
The first order of business though as I stated earlier is to crease 2387 and have some follow through which I believe will occur.
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Ok, we have now crossed above 2387---the key now will be follow through which I believe will happen
 
OK 2390---that's enough upside for just a bit. Let's cool down and regroup. I don't care if we head higher right now, but I would rather have it a little more orderly.
 
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