Yep, unless looking at very short tf's, it's fairly clean stairstep down.
ES Journal - 2019/2020
- Thread starter Buy1Sell2
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Got short right around the open on the failure to breakout. Still holding short.
Too weak of a bounce. Flipped back short.
What do you all think o fthe SPX daily chart? Looks like a little bear flag ready for a measuring move down, doesn't? May not get much ore downside today - might have to wait for Globex to "steal the move" Sunday night into Monday morning as @Spooz Top 2 likes to say
did you wait till retrace around 1000-1008 edt?
Yes - I see the same.
But how many of those swings did you need in order to determine that trend so clearly...?
I was short around 90, but bailed on that thrust up to 88 as we were trading back up above the prior LOD.
And even if I had a bearish bias from prior to the Open - I was not able to sit through those deep retraces...
2 highs, 2 lows.Yes - I see the same.
But how many of those swings did you need in order to determine that trend so clearly...?
I was short around 90, but bailed on that thrust up to 88 as we were trading back up above the prior LOD.
And even if I had a bearish bias from prior to the Open - I was not able to sit through those deep retraces...
As you mentioned at the beginning of the day, this is a day to sell (relative) highs and buy (relative) lows. Of course this may change as we near the close.
I think we're going down to 30 plus/minus 5
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