ES Journal - 2019/2020

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I just went short @2933.75, stop @51. Small size, looking to build into position if it continues to drop. if 2932 holds, this will be relatively quick exit.

edit: if I'm wrong about this level I will short higher
 
NQurious said:
I think the move to 3K is upon us possibly. Target for the next day or two 3015 to 3040.
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Daily candle today was a bearish hammer. While these pose no significance to me from a bearish standpoint, they do have meaning when the next day is a bullish bar that engulfs a good portion of the wick (short squeeze to new highs). If you look at the daily, there have been various modified bearish hammers that have been fully engulfed since the sell off (April). that being said, if past performance does indeed dictate future results (hehe), Wedensday will close near 2960ish. and Thursday will begin the move to 3000
 
EsKiller said:
I just went short @2933.75, stop @51. Small size, looking to build into position if it continues to drop. if 2932 holds, this will be relatively quick exit.

edit: if I'm wrong about this level I will short higher
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scratched the trade
 
Laissez Faire said:
Reversing to a new low this late in the session is a fairly rare pattern.
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8 times since 2008 including yesterday.

As such - it's my view that yesterday's late session reversal was a distortion or some kind of insignificant 'news shock' seeing how the markets held up so far overnight.

It's possible with one more day of consolidation - but we're going higher by end of week. Most likely, IMO. :)
 
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