ES Journal - 2019/2020

[speedo]

83.5

 

[speedo]

Banjo, by the time it's typed it can move 5-10 points

 

[FriskyCat]

Okay, we've finally breached the December 2018 low. Is this the bottom? Ain't sure about anything these days. If not, the ultimate low is the 2007 high (the high prior to the 2008 recession). Scary times.

Problem is Nasdaq IMO. No panic there yet.

The 2000 analog had that first panic leg at -36% if I remember correctly. That's still 700 points away.

 

[Spooz Top 2]

15 min IVB failed ... looking at 50

 

[Banjo]

Banjo, by the time it's typed it can move 5-10 points

I know but I'll still be able to tell. The tick charts will show where it was.

 

[Spooz Top 2]

Heavy heavy

 

[FriskyCat]

Normally a weekly upsloping MA provides good support on panic lows, but as evidenced by the 2000 bust, it's not infallible. (Obviously it worked well in Dec 2018).

6576 on NDX is 200 weekly

 

[Banjo]

TX. speedo

 

[speedo]

Normally a weekly upsloping MA provides good support on panic lows, but as evidenced by the 2000 bust, it's not infallible. (Obviously it worked well in Dec 2018).

Yeah, that was a panic correction but not a bear.

 

[Laissez Faire]

Complete meltdown here.

2nd - 10 % day in ONE week. Absolutely nuts.

The 2nd circuit breaker does not seem that far away at this rate.

Current low is 2265,75, @Banjo.