ES Journal - 2019/2020

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Excellent closing again today for the bulls. 2585 will present some resistance as well as 2690. Mind you though, 2530 has not been totally re-established as a floor and we could easily go down there several times and perhaps drop below etc. and there is always the possibility of reversal of this uptrend. For now though, I lean long.
 
if we suppose a longer term correction at hand in this decade bull mkt, then today might have seen end of 4 (2, 4 are up) in a 1-2-3-4-5 corrective impulse down..refer to daily chart posted back a page or 2..overnights should clue us in..

edit: to simplify, 12/3-12/24 is an impulse down..mkt in a-b-c up correction with today's high at 49.5% back up..
 
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SPYgrain said:
if we suppose a longer term correction at hand in this decade bull mkt, then today might have seen end of 4 (2, 4 are up) in a 1-2-3-4-5 corrective impulse down..refer to daily chart posted back a page or 2..overnights should clue us in..

edit: to simplify, 12/3-12/24 is an impulse down..mkt in a-b-c up correction with today's high at 49.5% back up..
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However they touched it to a T and mkt makers normally never make it that easy. I think we retest and potentially break high from yesterday before going lower.
 
mastacoli71 said:
However they touched it to a T and mkt makers normally never make it that easy. I think we retest and potentially break high from yesterday before going lower.
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The street is the MMer in ES. Do you really believe that the ES MMer cabal is sitting on huge overnight positions?
 
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