ES Journal - 2019/2020

[amsterdam]

Let’s see if this quintuple bottom holds

 

[Laissez Faire]

It's anyone's guess on a day like today.

I'd say 3430.

 

[Laissez Faire]

No - this isn't a healthy pullback, but a huge drop.

It's possible the market will reverse from today's low - but let's not call this what it's not.

Equally, one can say that a market which goes too high, too fast, ain't a healthy market either.

It's a great market for traders, though.

 

[Buy1Sell2]

No - this isn't a healthy pullback, but a huge drop.

It's possible the market will reverse from today's low - but let's not call this what it's not.

Looks healthy to me

 

[Buy1Sell2]

Looks healthy to me
View attachment 238615

 

[candles]

See if they do the V bottom or not here

 

[Buy1Sell2]

In fact, I look for the old ATHs at 3400 level to be the new long term floor in this market with initial target of 4200.

 

[wave]

Taking it right back to where whales started unloading (shorting) size August 25th. I expect they will begin covering near 3400.

 

[IB_Dude]

Thanks. I've posted earlier that I would call it quits once this bear market (what bear market??!!) is over. This would be a good time to hit for the exit and enjoy life when I'm still relatively young. Sure ain't gonna miss trading, but I'll miss y'all. I'll swing around once in a while to see what's happening. Until then, keep killing it.

You'll be missed here. But I believe it's in your blood more than anything else, so I expect to see you back like Gordon Gecko

 

[Buy1Sell2]

Looks healthy to me
View attachment 238615

For example, look at the day early in the sequence and see what happened afterwards