ES Journal - 2019/2020

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Buy1Sell2 said:
The hope here is that this 2807 area does not create a new short term ceiling. This is the fifth time here though and I would like to get through it. I still believe the first real resistance will be in the 3100 area on the way to ATHs.
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ok----we've made the first step of getting through this area. The hope is that this will continue to build. I am staying long here as a fall all the way back to 2770 and even further would not negate the short term uptrend.
 
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Relentless said:
Relative to the recent squeezes off unemployment #'s, etc. - feels like more of a non-event at the moment. Lets see how it develops.
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Were up 100 es from Tuesday after hrs . High last week on es was 2885. We get back near there we'll see 2900 fast. We definitely have a bullish lean here. All this terrible news and we don't fall just motivates more shorting and thus more squeezes.
 
hafez50 said:
Were up 100 es from Tuesday after hrs . High last week on es was 2885. We get back near there we'll see 2900 fast. We definitely have a bullish lean here. All this terrible news and we don't fall just motivates more shorting and thus more squeezes.
More...

I agree for the most part. I was just referring to move off 8:00 this morning vs. the other squeezes off unemployment #'s last few weeks.

Still more bears to squeeze and new bulls to suck in off FOMO imho. Sentiment is starting to shift slowly though.
 
hafez50 said:
Were up 100 es from Tuesday after hrs . High last week on es was 2885. We get back near there we'll see 2900 fast. We definitely have a bullish lean here. All this terrible news and we don't fall just motivates more shorting and thus more squeezes.
More...

We won’t touch 2900
 
vanzandt said:
Everything has changed. Do you not realize that? Corporate stock buybacks.... its a thing of the past. Its over. Game changer. Period.

Everything has changed. Capitalism as we know it has changed for good.
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So part of the reason we are here on this forum...

Somehow sitting here with you all...

reminds me of the movie title:

"Seeking friend for the end of the world"
 
Buy1Sell2 said:
The hope here is that this 2807 area does not create a new short term ceiling. This is the fifth time here though and I would like to get through it. I still believe the first real resistance will be in the 3100 area on the way to ATHs.
More...

What (if anything) do you make of the upper 333 SPY gap being filled already? (i know its rubbish and it didnt actually happen. The QQQ gap is still there however
 
hafez50 said:
Were up 100 es from Tuesday after hrs . High last week on es was 2885. We get back near there we'll see 2900 fast. We definitely have a bullish lean here. All this terrible news and we don't fall just motivates more shorting and thus more squeezes.
More...

Here's a little conspiracy theory you can chew on. Suppose the FED approached the primary dealers and hedge funds (or even HFTs) and made a sweet proposal that they couldn't refuse. It goes something like this. We will take on any toxic losses on your books if you will drive up the equity market. Some people think PPT is made up BS. While that might be so, this is certainly a feasible alternative to PPT.
 
CL has made an orderly rebound to the 17.00 level as every pullback has been bot. However, given the fundies, I would be amazed if this thing gets back to the 20.00 level any time soon.
 
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