ES Journal - 2019/2020
- Thread starter Buy1Sell2
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It sure is. Today was extreme though: pumps were exactly at 8 PM, 11 PM, 2 AM and of course the EU market open pump at 3 AM. Algo's had a good night
It sure is. Today was extreme though: pumps were exactly at 8 PM, 11 PM, 2 AM and of course the EU market open pump at 3 AM. Algo's had a good night
Nice observation, Hivey...
This is what I said elsewhere this morning:
we have to consider running the bull. A possible ABC (look at your M240 charts) and we got a picture perfect H2 buy last night). The first target of this move is 2917 if this is a to be another bull leg. More importantly we have a target just a few points below the rally high 2965. I have lightened my short position having taken (greatly reduced profits) on half of this position this morning. I will wait for further information to decide if I should close the rest of the short, add to the short, get long, stay flat, or retire from trading all together.
So I am still short from 2886 and I may be short, flat, or long within the next hour. But above 2890 we are likely going to see 2917 to 2934, and above there a double top (lower high double top, double top, or a 2B higher high double top) becomes more likely. As always hourly closes to confirm, but if we get ripping the hourly close may be too long to wait.
we have to consider running the bull. A possible ABC (look at your M240 charts) and we got a picture perfect H2 buy last night). The first target of this move is 2917 if this is a to be another bull leg. More importantly we have a target just a few points below the rally high 2965. I have lightened my short position having taken (greatly reduced profits) on half of this position this morning. I will wait for further information to decide if I should close the rest of the short, add to the short, get long, stay flat, or retire from trading all together.
So I am still short from 2886 and I may be short, flat, or long within the next hour. But above 2890 we are likely going to see 2917 to 2934, and above there a double top (lower high double top, double top, or a 2B higher high double top) becomes more likely. As always hourly closes to confirm, but if we get ripping the hourly close may be too long to wait.
And my targets below are still expected to trade, but if we go up first, then those levels will be possibly be pushed a week or two farther out.
I won't be surprised to see a bullish announcement come in today or tomorrow at 8:30 as job numbers come out.
Well---I was off by one hour.---Really good call.
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