ES Journal - 2019/2020

[FriskyCat]

Where's @schizo ?

Heck, where's anybody? Remember 2 months ago when it was 24hrs of trading commentary. Per usual, highly correlated to VIX.

 

[FriskyCat]

Russell up 53% off the lows of just 2 short months ago. About 40 points away from the 200d MA. Same conundrum, Nasdaq 10% above, S&P slightly above and RUT closing in on it.

 

[Whynottrade]

Should learn not to trade against the Fed and the month end. Postponing that learning to another day and going short at the opening. My daily indicators are showing a close lower than open. Hopefully not a costly education.

 

[Laissez Faire]

I think we have the LOD in at 3030, but upside is probably limited? And may be a choppy session?

I'm betting on 3050 by the Close though.

 

[FriskyCat]

The RTY/NQ obviously flipped on its head right after the open. ES seems hostage to those cross currents.

 

[Laissez Faire]

I'm betting on 3050 by the Close though.

The question is if there's potential for more on the day. I don't hold a strong opinion either way today and mainly think upside is limited today after yesterday's huge reversal off the lows.

But we can very well pick up momentum to the upside too. Just not certain what's possible today.

A 40 point range takes us to 3070.

 

[theapprentice]

yep. Regret it!
L 41.5

+7

 

[wiesman02]

The RTY/NQ obviously flipped on its head right after the open. ES seems hostage to those cross currents.

yep. That’s why sometimes I’ll buy near the lows off of 60 min chart and not look at anything lower. I feel like I trade better. Look at anything lower off the open and you start churning and closing trades early

 

[wiesman02]

Short 46 stop 51.50

 

[syswizard]

EIA Report came out mombo bearish for crude oil.....inventories were way up. Still crude (CL) did not break-down below $32. It appears the market had anticipated a bad number.