ES Journal - 2019/2020

[Buy1Sell2]

Intraday trend today is up while outraday trend is down.

As long as we stay under 2836, I'm fine with any bounce. In fact, I love overnight runups in downmarkets.

 

[SPYgrain]

That would make me analyze then that a break at 2835.00 can be a false break to the upside.

What are you using? If you are comfortable with that question.

Sure, an A-B-C corrective up leg from Mon lows..

 

[fordewind]

Bulls got caught in a chin tryna scratch it out

 

[cowf]

And be Long 2808.00

2820 break should continue to flow to 2860. 2900 still anticipated.

 

[Buy1Sell2]

This is roughly the 6th time that the 2820 door has been knocked on from below. Conventional wisdom shows that each time it's hit and no full follow through, that it gets stronger. --and once thru and support established it becomes a new strong floor. Which will it be this time?

 

[ESfocus]

Good observation B1! Hadn't seen that but I see it now!

 

[Buy1Sell2]

Staying short hier and selling rallies with prudent stops.

 

[Buy1Sell2]

Good observation B1! Hadn't seen that but I see it now!

I believe the earlier foray above 2820 to the mid 2860s will be looked back on as a medium term blow off top.---If wrong, I have my stop and my toes will still be tapping.

 

[cowf]

This is roughly the 6th time that the 2820 door has been knocked on from below. Conventional wisdom shows that each time it's hit and no full follow through, that it gets stronger. --and once thru and support established it becomes a new strong floor. Which will it be this time?

And it could very well be knocking on the door to a higher heaven.

 

[Buy1Sell2]

And it could very well be knocking on the door to a higher heaven.

certainly plausible.