ES Journal - 2019/2020

[volente_00]

As long as it pays

Only pays if you sell

 

[NQurious]

The move up is orchestrated to distribute before the move down to 71

You have some inside info there, volente? I'd shoot that insider if I were you lol

I think the high failure rate has much to do with the ... the fact that most humans think they are smarter than they are and even smarter than the rest of humanity. That is why they will continually lose shorting a market day after day after day because they "know" the economy is piss poor and this things going down and only an idiot would be long here based on the most recent data we have on Peking duck imports.

 

[vanzandt]

Screw playing golf

Time for a nap

Baby don't cry

When we fill that gap

The "hundred mark"...
... They call it "par".
Par 29
...its not too far.
Stops will fire
The bogey's come...
Give up Izz...
Your bear is done.

 

[speedo]

Only pays if you sell

That's kinda the point. I don't reach for the fences, my holds are short.

 

[NQurious]

Your bear is done.

Market flipped bear to bull at the close 1/4/2019 and has not had a lower high since. But some are a bit slow to let go of their beliefs.

 

[speedo]

You have some inside info there, volente? I'd shoot that insider if I were you lol

 

[SPYgrain]

Took half for +10 points, stop 82 on the rest

View attachment 200237

nice trading !

 

[Buy1Sell2]

Outraday sell signal still in effect here and we have had a decent sell signal intraday just now. I continue with short bias.

 

[Buy1Sell2]

Let's get this thing below 91 here and see if we can exercise our legs!

 

[vanzandt]

Outraday sell signal still in effect here and we have had a decent sell signal intraday just now. I continue with short bias.

Looking down the road, we've already had a great 2019. Trump and company are going to want a market crescendo in 2020. Thats gonna take some real earnings firepower from here.

I think we are going to consolidate at these levels for awhile. Let the economy do its thing. Let the spring coil a bit. Oil will stay high but not too high, then pullback to the low $50's in 2020 to give the consumer some "feel good" buying power yet high enough to keep the domestic sector alive and well. That's one thing Trump has some power over... all his Saudi buddies and all. I think he can move oil at will.

Thats my guess for now anyway. We'll see.