ES Journal - 2019/2020

[Buy1Sell2]

And the Feb lows were 2531. They're still 2525 in my book. I don't place much value in "fine-line" thresholds for S/R levels. I'm also on a longer time frame.

I agree in not using fine lines. I typically use the language "area" because that is what resistance and support are usually.

 

[Buy1Sell2]

Powerful resistance here at the 2520 area. They can't seem to totally knock down the move yet though. This is a promising aspect of this move.--It is my view that we will trade at 2525 within one hour.

I was incorrect on the 2525 within an hour call.

 

[Buy1Sell2]

Looks like short term support has formed at 2511--although we just had another strong sell signal on the 1 minute chart.

Well spotted as we pulled back 18 pts, but it was not on my frames.

 

[Buy1Sell2]

Huge move imminent from here til end of week and perhaps beyond. I suspect it will be to the upside. As always though trading is amout risk management. It's what you do with the winners and losers that is the edge. I believe that we have a rip coming into closing or overnight, but I would rather see a bit more pullback prior to. The closing move today will be very impressive . Here we go---

 

[mbondy]

Still holding 2500, market is starting to look toppy.

 

[beerntrading]

Huge move imminent from here til end of week and perhaps beyond. I suspect it will be to the upside. As always though trading is amout risk management. It's what you do with the winners and losers that is the edge. I believe that we have a rip coming into closing or overnight, but I would rather see a bit more pullback prior to. The closing move today will be very impressive . Here we go---

This actually presents a nice trade on both sides. mid-2530s would be one heck of a stop level for that size move. 100 points in a day doesn't seem unreasonable in either direction...but I think more likely down and with a tighter stop above.

 

[FriskyCat]

Still believe we tag 2585-2590 (SPX) area from below before next sustained move lower

 

[Buy1Sell2]

Huge move imminent from here til end of week and perhaps beyond. I suspect it will be to the upside. As always though trading is amout risk management. It's what you do with the winners and losers that is the edge. I believe that we have a rip coming into closing or overnight, but I would rather see a bit more pullback prior to. The closing move today will be very impressive . Here we go---

Very nice closing move---now I look for much much more. I believe the huge move will be higher and has started.

 

[Buy1Sell2]

I believe that we will get thru 2530 area and challenge 2585 in fairly quick fashion likely by week's end or Mon. I believe 2585 area will be the next resistance after 2530 as I look at the charts today. Really nice looking outside day today on cash. Outside of both the last 2 days albeit one was NYEve

 

[beerntrading]

I believe that we will get thru 2530 area and challenge 2585 in fairly quick fashion likely by week's end or Mon. I believe 2585 area will be the next resistance after 2530 as I look at the charts today. Really nice looking outside day today on cash. Outside of both the last 2 days albeit one was NYEve

The story changed fundamentally with the AAPL guide-down. That's gonna be a monster headwind after today's whispy test of 2525. It's tough to imagine meaningful action above 2525 now before the word recession is used (by perennial bulls--not just perma-bears).