ES Journal - 2019/2020

Status
Not open for further replies.
NQurious said:
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.
More...
I see it the same. I think we're getting close to some important areas. (i'm looking at similar areas to you from the longer term charts)
If the market ignores them (in the face of this huge shit storm) then that's surely telling, and B1 will get his new all time highs lol
 
For today to take out yesterday's high was unexpected, but it barely held for long. Excluding that oil move, I think we would not have gone up so much.
There are many variables in a trading day that cannot be anticipated. Nothing is sure in life other than death and taxes.
 
Noone123 said:
Pretty close to 50% retrace very quickly. Markets either stupidly optimistic in a 180 degree turn or the Fed is buying up everything. The faster it rallies, the harder the next down leg will be.
More...
It's the FED. But I guess you have to toe the line, otherwise get shot.
 
theapprentice said:
I see it the same. I think we're getting close to some important areas. (i'm looking at similar areas to you from the longer term charts)
If the market ignores them (in the face of this huge shit storm) then that's surely telling, and B1 will get his new all time highs lol
More...

Looking at the weekly chart it is not so weird we visit these areas to construct a ceiling ;)
For me it is the first time I experience this kind of market so I keep an open mind but it is hard to believe we will not be rejected hard soon.
 
Status
Not open for further replies.
Back
Top