ES Journal - 2019/2020

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DowJones-Great Depression.PNG

Just a reminder of how the great depression played-out in the stock market.
There were a ton of retracements as the market continued to drop.
 
Looking at the daily, it looks damn bullish. I expect we hit 2850 in short order.

Cash didn't test yesterday's low seriously and never traded below. If we go higher then 2792 (the 50%) up to 2934 should do it. Above there and I think we heading back to the highs. And yes, I'm as surprised as you are :wtf:

This does not mean I've become bullish, but I also do not fight the tape. Not making a call, just sharing levels that I'm looking at and those sort of levels have been valuable to me in the past.
 
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