ES Journal - 2019/2020

[ESfocus]

a little weakness here is all will take for this house cards to fall.

 

[ESfocus]

shorted 2733.75

might not be lower but think it's lower here

now, take out 20

out +2

 

[Buy1Sell2]

Up-trend continuation again for now.

 

[ESfocus]

If this drops under 2730 again, this may create a problem for the bulls (in short term)

 

[ESfocus]

2710-2700 might happen. Bulls are feeling the weakness here. Will they take a stand, or take profit?

 

[ESfocus]

All way back higher...they took the 'stand your ground' option.

But, they are weakened.

 

[SPYgrain]

Intraday triangle

 

[cowf]

Don't disregard the horizontal lines...2725.00 - 2736.00...instability in sentiment...there is no stance yet, and remember a short term leg is negligible

 

[They]

Yesterday's POC and Today's POC are almost on top of each other which doesn't happen that often. Basically occurs on some inside days. Two days accumulation/distribution in a constricted price area. Should get some nice range extension later today, tomorrow or Friday. The longer price remains constricted the better the move.

 

[Buy1Sell2]

2714 now established as new short term floor. Any breach of that could signal reversal down. I'll be looking at that area to hold though for a buy. We are at 2729 now.

Intra-day/short floor now fully established at 2722. Long is not wrong---uptrend continuing nearly unabated.