ES Journal - 2019/2020

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So far, the obvious sell signals on the 1 min chart have only been good for a couple of points and there has been no follow through. This is a clear indication that the current trend is up.
 
Buy1Sell2 said:
So far, the obvious sell signals on the 1 min chart have only been good for a couple of points and there has been no follow through. This is a clear indication that the current trend is up.
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It appears that way however VIX not confirming
 
Laissez Faire said:
Maybe.



Sounds reasonable.



I think you'll easily get into paralysis by analysis doing this, so I think it should be limited and have some simple rules.

Yesterday was actually a great example of how a divergence between NQ and ES/YM indicated limited upside and potential for a sell. ES made marginally new highs, but NQ was well of it's highs and actually making lower highs at the same time.

As I'm paying less attention to these patterns in real time, I didn't spot this divergence until after the close.

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I want to thank for reminding about the ES/NQ spread! ...as I'm following real time now for signals..at 1035 CST NQ began weakness to ES indicating a period of consolodation/correction from uptrend..
 
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Nice run today after that PB off highs yesterday!

I'm starting to feel better about this.

We have a bit to go yet though before confidence is restored.
 
ESfocus said:
Nice run today after that PB off highs yesterday!

I'm starting to feel better about this.

We have a bit to go yet though before confidence is restored.
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Your comment has me concerned for bulls as this could indicate that the final retail traders are getting on board.
 
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