ES Journal - 2017/2018

[Buy1Sell2]

Generally speaking, there's a 75 % chance we'll close below 2433.

There's an 80 % chance we will not take out the current highs. And a 35 % chance we'll make new lows.

1 out of 3. --Not bad--

 

[Buy1Sell2]

Open gap 2650 spx

We've got that downtrend line though that we have to deal with shortly. Hopefully not an issue.

 

[volente_00]

"Volatility continued to reign Thursday, with DEMTDAYBOYZ erasing a Dow loss of more than 600 points to edge into positive territory ahead of the closing bell"

 

[Pekelo]

I was actually cautious calling for a 150 points rally in 4 days...

2 days and just a bit below 140 points. That will do, specially that we are sitting on the SMA line on the daily chart, usually a resistance for the first try.

 

[Buy1Sell2]

2 days and just a bit below 140 points. That will do, specially that we are sitting on the SMA line on the daily chart, usually a resistance for the first try.

Excellent calling.

 

[Buy1Sell2]

Use caution with the trend line that we are nearly at or perhaps Are at as my angle is a little off.

 

[Laissez Faire]

1 out of 3. --Not bad--

You conveniently forgot this one:

"My data (not charts) says it's very likely that we both trade below 16 and make new lows on the day."

And that happened. Although you said it was unlikely. I specifically took a poke at you because I had data suggesting what you said was unlikely was in fact very likely...

The pattern that unfolded today with a late session reversal, new highs and heavy range expansion above is not a common pattern at all. That's why I've been skeptical when you and some others have been calling them on a daily basis now for a few months now, but glad to see it finally played out.

Nice call, @Pekelo !

 

[manonfire]

I dunno' man... With 4 trading days left in the calendar year, you think we can bump up 100-150 points? With everything going on?

Hell, a year ago at this time, when the markets were brimming with optimism, things fell a bit into the new year. Now with this mood, how can anyone find long cheer into the new year?

Did you find your answer?

 

[mastacoli71]

Did you find your answer?

We got Santa rally, 401k $ coming, and the fact we are super stretched from the 50 and 200 day. Lots of reasons for this mkt to continue rising into the new year. I am looking only at long setups until we get above 2568.

 

[Overnight]

Did you find your answer?

No.