ES Journal - 2019/2020

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A bullish ‘golden cross’ is forming in the Dow industrials
Last Updated: Aug. 6, 2020 at 3:53 p.m. ET First Published: Aug. 6, 2020 at 3:00 p.m. ET
By Mark DeCambre
https://www.marketwatch.com/story/a...the-dow-industrials-11596740412?mod=home-page
The last time a golden cross formed in the Dow was March of 2019
im-217969

I don't believe too much in this shit...but anyway...
I'm bullish atm.
 
themickey said:
A bullish ‘golden cross’ is forming in the Dow industrials
Last Updated: Aug. 6, 2020 at 3:53 p.m. ET First Published: Aug. 6, 2020 at 3:00 p.m. ET
By Mark DeCambre
https://www.marketwatch.com/story/a...the-dow-industrials-11596740412?mod=home-page
The last time a golden cross formed in the Dow was March of 2019
im-217969

I don't believe too much in this shit...but anyway...
I'm bullish atm.
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More like a Golden Shower for the Bears ... Appears we`re just days/ weeks away from new Hi`s or a 2 Top... Sooner the better as I wish they`d just get it out of the way already & Gap up & over on the Globex session....
 
wiesman02 said:
Long 23 stop 20 1/4 size last trade of day looking for runner
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That timing is impressive. I actually got out of my long at 3324 since it was the top of the range we have been in since yesterday and because the bearish trendline above was around 3326.
Was it the fact that we had a failed bearish breakout below the range that made you confident to long into resistance?

Anyway: nice call!
 
Here's a comparrison on old school vs new school banking, from April 1st - about where the last bull run began.
XLF Old school financials black line
KSX Nasdaq Capital markets green line
KRX Nasdaq Regional Banking blue line
FINX Fintech brown line
index.png
 
trading_jean said:
That timing is impressive. I actually got out of my long at 3324 since it was the top of the range we have been in since yesterday and because the bearish trendline above was around 3326.
Was it the fact that we had a failed bearish breakout below the range that made you confident to long into resistance?

Anyway: nice call!
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I don’t really trade off patterns or bother with resistance when price is very bullish. It was obvious to me shorts were about to get burned. After 12 years of staring at ES charts, it’s got a way of moving that is tough to describe but obvious to me.

What might help you Was the diamond pTyern that formed on the 15 min chart. Check out the pattern site. Diamond is one of the most reliable patterns in ES for breakouts. It usually has considerable follow through after first break of the diamond.

Edit: risk was higher in that area so I put on smaller size
 
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