ES Journal - 2019/2020

mastacoli71 · Jan 25, 2019

mastacoli71 said:
Still short from 2643.25

Add 2668...avg 2649.25

Buy1Sell2 · Jan 25, 2019

This is a desirable back and fill here (64 to 68) which will provide further support and fuel to the upside. I'm glad we are having it as we got ahead of ourselves early today. Still concerned however about the cash gap from this morning. I would have rather pulled back overnight.

volente_00 · Jan 25, 2019

volente_00 said:
Spx has not traded above 2658 this week so how did a 2670 gap fill ?

Now the gap has filled B1

SPYgrain · Jan 25, 2019

Several spots of Bullish divergence NQ/ES on 2 min chart since day open.

volente_00 · Jan 25, 2019

Buy1Sell2 said:
2680 area will be tested today. Hopefully we will just grind up to that point and not have a snap-jump to there. --Then at that level to mid 2700s , I will be watching very carefully for any sign of reversal of the uptrend.

I disagree

I believe we sell off from the SPX gap fill level

volente_00 · Jan 25, 2019

Buy1Sell2 said:
Market likely to stay above 2642 today. Long is my view.

RTM back to 43

glazier · Jan 25, 2019

L 2662
stop at 55

speedo · Jan 25, 2019

Large Time frame divergances

Buy1Sell2 · Jan 25, 2019

volente_00 said:
RTM back to 43

Certainly possible. However, there has been no sell signal on a larger time frame yet, so I continue with long bias. If it did pullback to there, I am fine with that as it would offer buying opportunity.

Buy1Sell2 · Jan 25, 2019

Basically what you have here is a major bullflag in progress for the next leg up.--We look poised for a strong weekly close----I like strong weekly closings.---Most important closing adn print of the week is on Fri.