ES Journal - 2019/2020

[Laissez Faire]

The odds of an Inside Day after an Outside Day like yesterday is about 26 %. So there's that to keep in mind. Further, odds favour a close above 30.

Time is also a crucial element in trading. The more time we spend above 27,25 - the less likely it is that we make a new low on the day.

In the event that we do make a new LOD - I think we'll stall at 25,25/21,25 on the day.

TL;DR: I don't think we'll see a move below 20 today and it's likely we already have the LOD.

 

[Zodiac4u]

Market favors a 2k check handout and not 600$, if we get the idiot politicians to grow a Heart and help the folks that are hurting, we should rally into tomorrows close.

 

[Buy1Sell2]

Long 3729.25 Initial stop 3719.00

 

[Gaslight Capital]

if we get the idiot politicians to grow a Heart and help the folks that are hurting, we should rally into tomorrows close.

The market front ran the stimulus, and now it realizes too late that by front running the stimulus the market has eradicated the "need" for it in the minds of those pols who are only concerned with month end 401(k) statements. No way the American people get anymore than they are getting without a 1000 point SPX sell off.

I do hope I am wrong. Another $1400 on top of the $600 would be good for another 1500 SPX points up.

 

[Big AAPL]

wow all over the map but spot on!

 

[ElCubano]

Happy New Year!

 

[Buy1Sell2]

----Happy New Year----

 

[Buy1Sell2]

Long 3729.25 Initial stop 3719.00

Loss of 10.5 pts.

 

[Buy1Sell2]

Long 3721.75 Initial stop 3707.00

 

[Zodiac4u]

Happy New Year! and stay safe out there.