ES Journal - 2019/2020

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It looks like the May contract expires today or Monday. The June is trading at $25 or $7 above the about to expire May. Whats spot price? Why hasn't the June contract greatly narrowed the spread with the May contract. So that means Monday they'll be quoting the $25 June contract? I'm confused . People will say wow oil was just $18 and now its $25? Makes no sense why the may and June premium did narrow to maximum $1 before the May contract is gone.

Not only that but yesterday the spread was around $6, and today it's widened to over $7.
 
"Does he exist in the same way as I exist?"



--------------"You do not exist.”


― George Orwell, 1984

(Here ya go B1, I knew I could find some Tobey quotes for ya.
Maga!)

We ain't second ex wives,
We ain't cowboys or redskins
We ain't preachers or kingpins
We're just having fun

We're all suits in blue collars

Short orders
Long hollers

Paper and plastic,
Too old and too young
Ceos, GEDs, DUIs, FBIs
...PHDs

And we raise up our glass
Cause We don't give a rat's ass
If your belly's too fat,
Or your wallet's too thin
We're just happy to be here
And that you can see
We're just Americans
All drunk Americans

We been in,
We been out
We been cool,
We been weird
Thank God we're still here
In the land of the free
And we're all singin' wrong
But we all sing along
...Sing along

Apples at $280. I closed it. Can't be greedy.

Let it bounce back up. Be back later. Good trading fellas.
 
This is really for a different thread, but we have a great market going oil now. Nice bid occurring. As I mentioned a while back, I bought CL for the long haul.

Another jump the shark moment. Unless you are long the back months, otherwise that roll is going to bite.
 
Watch out at 2820. If we can't find a bottom there - we'll probably trend lower today into the Close and printing 2785 or lower.
Fill gap at 88? (maybe make a pit stop at 2800 flat-ish)
I think we're going to go higher later in the session, though.
Why? Because this market defies any logic.

Edit 7 minutes later: maybe the LOD is in for the day - I'd agree with Volente
 
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Fill gap at 88? (maybe make a pit stop at 2800 flat-ish)
I think we're going to go higher later in the session, though.
Why? Because this market defies any logic.

IMO - if we fill the gap at 88, we don't go higher as in new highs later.

The way I see it - we're now at an area where we can stage a bottom and make a run towards new highs. NQ already filled its gap below, so maybe this was it...
 
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