ES Journal - 2019/2020
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This thread reminds me of two things, (a) Surf's journals and (b) kids playing in a sandpit with Tonka toys going "Brrrmmmmm bbrrrrmmmmm, I'm a grown up, Brrrmmmmm bbrrrrmmmmm, brrrmmmm"Judging by the quality of 'analysis' in this thread, pretty much everyone?
Nailed it. Even though we did make more than a shallow pullback.
This post was for some reason quoted with a song by @volente_00 which I didn't understand, but I'll play the quote game and respond back with this.
You posted we wouldn't sell off
I posted the video to say I disagreed with you
The hook of the song I posted Is
"Don't believe me just watch "
And we did dump 12 points but no new lows
And that journey song you posted has always been one of my favorites
Since you like stats go research how many times the high for an OE week happens on a weds as juice is sold on the underlying ramp up.
I still have a top forming in this area with a 5-6% retrace to fill all lower gaps before any close above 2841 SPX happens
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2802 retest is calling
You posted we wouldn't sell off
I posted the video to say I disagreed with you
The hook of the song I posted Is
"Don't believe me just watch "
And we did dump 12 points but no new lows
I figured it had to be something like that, but we actually did not sell off according to my definition at least. We pretty much retraced 50% of the day range.
It's a fantastic song.
Thanks. That's actually a good idea for research. Since you're quoting this - do you happen to have the statistics compiled already and willing to share...?
If not, I'll definitely run those numbers myself over the weekend.
Why not a close above 2841 and THEN a sell?
Should be interesting to see what the rest of the week brings.
That 11.25 may well be the LOD and we may get a real face ripping rally from here that will make what happened earlier in the week look like "slow and steady wins the race" as the market is ready to challenge the @volente_00 Top
I'm long at 12 filled on my overnight limit. I would like to see price make a double bottom at or near the open with that spike low, but who knows ... ?
There's been some pretty good calls in this journal real time. There have been some absolutely ridiculous calls as well. Definitely must be approached with caution and discretion. But that's the internet
That 11.25 may well be the LOD and we may get a real face ripping rally from here that will make what happened earlier in the week look like "slow and steady wins the race" as the market is ready to challenge the @volente_00 Top
I'm long at 12 filled on my overnight limit. I would like to see price make a double bottom at or near the open with that spike low, but who knows ... ?
Back to 2820. Here, if anywhere, would be a level at which one might expect supply to materialize to push price back down toward a test of that spike low. A break above 2820 with follow through, and there will be gnashing of bear teeth and angry swipes with claws extended as the bears marvel at the power of the bull. PT levels 2826.50, 2832, 2840 and ... 2849.75
Again, not saying straight up yet ... though it might do just that. I prefer gap downs at this stage of a rally that are bought at or soon after the open. If the market opened right now it would be flat. An open in the 2812-14 or even slightly lower would be great. However, as I type this, it looks as though that train may have left the station permanently for points North. Lot of express trains these days and very few locals. The market rides the 2 rather than the 1 these days lol
I'm outta here for now ... I need to focus on my trading a bit better today.
Good luck y'all!
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