ES Journal - 2019/2020

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mastacoli71 said:
FWIW, that late day selling bounced right off the rising wedge support line. I lightened up some of my 88 short at 78 and have my stop in should it break out to the upside. If it breaks down, I still believe it will move hard and hopefully give me op to add.
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Flat 87 and waiting for RTH open

Move was very suspicious overnight as there was no significant news to justify testing last weeks high. I would rather wait for RTH to test overnight high for higher entry and tight stop.
 
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We've had our first test of psychological resistance at 2600. I look for us to punch through in the next 2 or 3 days and move higher. 2690 would be our next area to get stopped a bit at.
 
That was a blunt force squeeze there, especially in NQ. RTY was diverging the entire time. Curious to see if that was finally enough to reverse it for a few days.
 
FriskyCat said:
That was a blunt force squeeze there, especially in NQ. RTY was diverging the entire time. Curious to see if that was finally enough to reverse it for a few days.
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Could be but indices often screw around like this with obvious TA patterns even if they "work" at the end, could just be sucking in folks trying to play the failed breakout.
 
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