ES Journal - 2019/2020

[themickey]

In the end - your reaction is still a prediction that your entry will move in your favour. And you did say you were expecting weakness this week.

Seems like prediction to me. Semantics, maybe.

Probabilities - predictions, ya, semantics.
All good.

 

[Pekelo]

Don’t see the debates having an effect on the markets

We got an almost 70 points drop after the debate...

 

[formikatrading]

Fairly strong bearish seasonality today -- that, combined with the ST overbought conditions, seems to be more responsible for the sell-off than the debate. I'm still operating under the assumption that last week's lows may be meaningful. Stay flexible everyone!

 

[Laissez Faire]

Looking for long entry and a swing above 3350 on the Open, but might see some counter movement first.

Good luck all.

 

[formikatrading]

Still liking RTY here on the equity futures side. Feels like 1500 level needs to hold there, though.

 

[Laissez Faire]

My expectation for today's session is that we put in the LOD and will at least swing above 3350.

The second, but less likely, scenario, is that we're close to putting in the HOD and will sell off down to 3325 or more. But I think that's unlikely today.

Then again, we're living in interesting times, so always smart to be prepared.

 

[Laissez Faire]

3377 definitely possible on the day, but let's not get greedy yet.

 

[formikatrading]

Good post! Preparation and flexibility is key here!

My expectation for today's session is that we put in the LOD and will at least swing above 3350.

The second, but less likely, scenario, is that we're close to putting in the HOD and will sell off down to 3325 or more. But I think that's unlikely today.

Then again, we're living in interesting times, so always smart to be prepared.

 

[syswizard]

Still liking RTY here on the equity futures side. Feels like 1500 level needs to hold there, though.

Now showing 1520/21 double-top.

 

[formikatrading]

What I like about how you think is that you're looking at possible scenarios and not getting locked into a stubborn, biased view. Definitely a professional approach.

My expectation for today's session is that we put in the LOD and will at least swing above 3350.

The second, but less likely, scenario, is that we're close to putting in the HOD and will sell off down to 3325 or more. But I think that's unlikely today.

Then again, we're living in interesting times, so always smart to be prepared.