ES Journal - 2019/2020

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mbondy said:
Not going to happen. At least not in the next 2 years.
Mnuchin has already prepped the Presidents working group and the 6 heads of the country's largest banks to ensure both liquidity and support, which stinks to high heaven of presidential manipulation.
We've seen the bottom already.
Mark my words for journalistic integrity!
Prepare for liftoff.
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And this is what makes a market! The great thing is $$$ can be made buying and selling.
 
Specterx said:
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.
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At least someone agrees with me :). If we get in the 2600s I will load the boat
 
mastacoli71 said:
At least someone agrees with me :). If we get in the 2600s I will load the boat
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Well going into December I was bullish as up to then it was just another run of the mill correction and quant / hedge fund liquidation. But December was really bad, now the charts look just like the initial leg down of the last two major tops.

The main thing that had me long-term bullish was that I couldn't quite point out the hidden risk or leverage bomb that would drive subsequent waves down in the market, but now I'm coming around to the idea that it might be the multitude of capital-consuming unicorns in the PE/VC space. I'll be watching the newsflow in that area over the coming months.
 
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