ES Journal - 2019/2020

[Utah]

price landed in support level lets see.View attachment 205884

Yep, stopped by NQ & YM. ES looks like it will freefall to 93 again.

 

[speedo]

Corrected into the 13.5 sell zone (9EMA under the 30WMA)

 

[syswizard]

re: all of those moving averages

They sure make a cool graphical presentation....but how do you use them all ?

 

[speedo]

 

[speedo]

notice also how the 90WMA acts as R and S

 

[Utah]

3-way compare.

 

[tenny1886]

Corrected into the 13.5 sell zone (9EMA under the 30WMA)

i am not liking the bear intervention its lacking intent. may be higher might come in strength.
anyway 96.50 would have been my target. but the momentum play was not sure about the target 96.50 being right.

 

[Utah]

They sure make a cool graphical presentation....but how do you use them all ?

I'm convinced that the NQ, YM, & ES work together. If I see a break on one or the other, it gives me pause to look at the other 2 for confirmation.

 

[Buy1Sell2]

No obvious reason for me to be long here----Talk to you soon---

 

[Utah]

I'm convinced that the NQ, YM, & ES work together. If I see a break on one or the other, it gives me pause to look at the other 2 for confirmation.

Oh wait, you were talking about the moving averages, not the interplay between the instruments.

Each of the EMAs has a different strength. The yellow, which is a 34 EMA, is the most consistent support/resistance.