ES Journal - 2019/2020

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What time frame are you bullish on, B1S2? I can't find anything out there I have conviction in. All the buying right now is tiny, in my IRA, and is just going through the boring retirement-account fiscal-responsibility motions.

What's the point you roll over and get short?
 
beerntrading said:
What time frame are you bullish on, B1S2? I can't find anything out there I have conviction in. All the buying right now is tiny, in my IRA, and is just going through the boring retirement-account fiscal-responsibility motions.

What's the point you roll over and get short?
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Daily. I'll need to see some follow through selling in order to switch to a short bias on daily.
 
Buy1Sell2 said:
Daily. I'll need to see some follow through selling in order to switch to a short bias on daily.
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By my reading, ES daily has been clearly down ever since the big drop on October 10th. The monthly held up for another few weeks but December did major technical damage any way you look at it - December was the follow-through selling.

I don't see any technical justification for a swing long position, except maybe as a very short-term countertrend play for a move back into the 2600s - which ought to be shorted if/when it develops. Intraday of course can go either way.
 
mbondy said:
Fixed that for you ;)
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Lol...love your optimism mbondy. You realize APPL warning will be followed by more warnings from other companies. Look at ISM today. Heck look at the bond mkt. Many called me crazy when I loaded up on the 10 yr after it hit 3.25 yield.

I’m curious what you consider a correction vs bear mkt? Or are you one of those that thinks they are all corrections?
 
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