ES Journal - 2019/2020

[tenny1886]

not good for longs in mho. its gonna be painful me thinks. Unless move is sustained @42.00

 

[Sekiyo]

That would be limit down and official bear market territory.

2737 is 5 % down. Let's see what happens there.

Then 2730 -> 2715.

If those won't hold today - we may very well see 2680.

Why 2680 by the way?

The market is consolidating btw 2840 - 2760.
Shorts are still in controls IMHO.
They wait for a target.

The consolidation is bearish as we can see.
Lower highs. Lower lows.

Guess the market is going to make a lower low.
Shorts will take profits. Buyer will be dominant.

Around 2680.
Simple range extension.

 

[speedo]

Could you imagine if we got this range and PA all the time

 

[Laissez Faire]

Regarding circuit breakers, 5% up or down applies only to the ETH/Overnight trading session.
Just saying.

Trade On!

Shoot me if I'm wrong, but I believe circuit breakers kick in at 7 % down.

However, during ETH, it's 5 % up/down.

I mentioned 5 % down, but not as a limit down. That happens first at 7 %.

 

[hafez50]

Wouldn't surprise me to see a double circuit breaker day if we break 2680 today. The fear out there is insane . If we collapse to 2300-2500 i'll start scaling 7 figs to hold for a yr or so. Ladies and Gents were in uncharted mental territory here.

 

[theapprentice]

Could you imagine if we got this range and PA all the time

I'd either make so much money that i'd party hard and die of a massive drugs overdose within 6 months, or i'd lose a lot of money and kill myself. Either way i'm dying.

 

[schizo]

Long 2754

Stop 2747
PT 2790-ish

 

[Spooz Top 2]

Could you imagine if we got this range and PA all the time

This is the PA / Vol we had in the late 90’s.. It was a license to print money... my trading buddies were flush with coke and hookers... I was one of the few “fools” that bought real estate instead... they thought it was going to last forever.... don’t get me wrong.. I did enjoy myself immensely!

 

[Laissez Faire]

Dozu's pro boys and the floor building team are trying hard to put in a bottom here.

Shouldn't trade much above 65-70 if we are to trade lower by today's Close, IMO.

We're down nearly 5 % on the day, so this might be it for today. My hunch is however that this LOD ain't going to hold.

 

[Spooz Top 2]

Feels heavy heavy ....