ES Journal - 2019/2020

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There was not much of an accumulation at yesterdays low, just a few 15 minute bars. If anything I believe it was short covering not ininitiation for new longs. The big moves up tend to happen after a solid amount of sideways bars, lots contracts changing hands and people getting trapped.
And I appreciate the turn from it, on the short term basis, into the long term basis. Price was supported at 2800.00, if it is true it should now support at 2804.00
 
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NQ has been leading the stampede ... for now, where she goes, methinks ES will follow. Bear market or consolidation at the highs for another run higher?
 
Good day to let a channel develop and then trade the upper/lower levels.
I doubt we see a trend. There'll be lots of spikes but no real direction.
Probably a 40 point channel with one extreme or the other defining itself in the first hour of trading.
 
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