ES Journal - 2019/2020

NQurious · Mar 5, 2020

Buy1Sell2 said:
3020 floor remains in great shape here and will be good until it becomes a ceiling.

Let it go, B1, let it go ...

SPYgrain · Mar 5, 2020

Noone123 · Mar 5, 2020

So, we could see overnight bounce and dip again tmr.

theapprentice · Mar 5, 2020

3047 would be a 50% retrace of this latest move and so could be a short

Buy1Sell2 · Mar 5, 2020

As we head back up to 3090, we need to remember that that is the area to get through and have floor constructed completed there. We have several holes in that ceiling now that we may be able to get through on our way to 3215 initially. Our floor at 3020 has held well so far.

NQurious · Mar 5, 2020

Buy1Sell2 said:
Our floor at 3020 has held well so far.

Not for nothing but your approach is full of holes.

NQurious · Mar 5, 2020

Laissez Faire said:
Looks heavy.

Open gap at 3000 (my initial target this morning) which is also 4 % down.

If I were to have gotten short agin on that little bounce I'd be looking to exit 3001 and 2989 ... or MOC

FriskyCat · Mar 5, 2020

Appears to me that SPY/SPX are going to straddle that 200d MA. Its already completed a rejection on the downside of the channel line from late 2018 lows thru last Oct lows.

Buy1Sell2 · Mar 5, 2020

Long 3026.75 Initial stop 2950

Buy1Sell2 · Mar 5, 2020

Numerous Blue Chips and Financials are now exhibiting signs of bottoming out.