ES Journal - 2019/2020

[mm2mm]

i am looking for new highs

 

[volente_00]

I hadn't the heard the news, but trend remains up here.

Long way to 2640's my friend

 

[vanzandt]

I hadn't the heard the news, but trend remains up here.

Well, I guess if one looks at a chart of the S&P for the last 25 years.... claiming "the trend remains up" is a pretty safe statement.
Let me ask however b1.... if we take out 2700, 2650, 2600, 2550 ....does the trend still "remain up" in your eyes? Don't get me wrong... I mean no disrespect here... but again I go back to timeframes. Without those the constant mantra of "the trend remains up" is remarkably akin to something from the Wizard of Oz himself.

 

[Buy1Sell2]

Top still in for the week

FALSE

 

[vanzandt]

FALSE

OK, thats better.

 

[volente_00]

i am looking for new highs

Today ?

March ?

2020?

 

[Buy1Sell2]

 

[volente_00]

FALSE

It's only false if spx trades over 2761.85 this week

 

[volente_00]

What is the "Hog"?

Hog are greedy bulls who get slaughtered

 

[volente_00]

Well, I guess if one looks at a chart of the S&P for the last 25 years.... claiming "the trend remains up" is a pretty safe statement.
Let me ask however b1.... if we take out 2700, 2650, 2600, 2550 ....does the trend still "remain up" in your eyes? Don't get me wrong... I mean no disrespect here... but again I go back to timeframes. Without those the constant mantra of "the trend remains up" is remarkably akin to something from the Wizard of Oz himself.

Technically long term trend is still up unless we take out the trendline that was challenged in dec 2018