ES Journal - 2019/2020

[syswizard]

What was so magic with the 3328 level today in ES ? Market bounced off there twice at 13:55 pm and 15:35 pm.

 

[NQurious]

Market bounced off there twice

We day traders call that a double bottom.

 

[Builder17]

What was so magic with the 3328 level today in ES ? Market bounced off there twice at 13:55 pm and 15:35 pm.

Expected support zone after 3360 failed

 

[syswizard]

Expected support zone after 3360 failed

Can you show me the work-up to the 3328 support level ? I don't quite "see it".

 

[jpiper]

Can you show me the work-up to the 3328 support level ? I don't quite "see it".

Could have been the 20 day average at approximately 3325.

 

[Sekiyo]

Just came here to tell we’re likely to visit 3327 and I see you guys talking about it ...

View attachment 219132

Next ...
3365 then 3300.
Or 3365 then 55 -> 95 and higher

 

[FXtrader8911]

Futures opened Asia Mon over 1% down, S&P gapped to 3,307 then continued to 3,289. $9.3k payday for me in the 1st hour of futures trading.

 

[Sekiyo]

Futures opened Asia Mon over 1% down, S&P gapped to 3,307 then continued to 3,289

Downside looks promising.
But we might recover as well towards 345.
Currently short @ 298.50 TP 278.50.
Let’s see ...

However 3300 looks like a LT buy area.

Either way currently
Market POCing around 298.
At worst I’ll try to get out on pull back.
As UPside looks weaker than DOWNside.

 

[Overnight]

I'm long Jun MNQ at 9751. So we should be good for another 1300 points down from current print. I am the only one in the universe that has this predictive power. I mean, it would be only a 20% or so correction.

Everyone must fade me, stat.

 

[Sekiyo]

I'm long Jun MNQ at 9751. So we should be good for another 1300 points down from current print. I am the only one in the universe that has this predictive power. I mean, it would be only a 20% or so correction.

Everyone must fade me, stat.

Was bullish at first too.
I expect a little correction towards 3340 (ES).
3300 looks like a LT buying spot.

But this early tape tells me to short ...
Good Luck.