ES Journal - 2019/2020

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we've got a massive downtrend day here.
upload_2019-4-10_10-57-37.png
 
Invert, then flip.... looks like a nice double top.

Two observations from you chart, VZ ... First, note the massive buy signal following the Massive Downtrend (massive downtrends often end with massive buys signals, e.g. 12/24/3028 and following).

Massive Buy.jpg


And a few of us have mentioned this here over the last few weeks, but really, how stupid are we American day traders to let this happen to us? EDIT: Yes, I see the typo in the pic. No, I'm not going to fix it.

American vs European.JPG


Then again, I guess in markets as it is in fashion, Europe has simply always been more trendy.
Hey @speedo ... this looks nothing like what we saw yesterday. I'm going to have to ask Home Depot to put me on the day shift so that I can trade at night. (That last one may be to close to the US open to get any traction ... lol ... :()
 

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Been LONG 2883.00, anticipate 2943.00, under the contingency that we do break 2890.00 - 2900.00.

Adding a short 2886.00, anticipate 2826.00 as this could very well be a massive short-term sell signal, if we were to print under 2880.00

Adjust accordingly...
 
Ok, peoples ... FOMC minutes at 2 PM Eatsern ... so here is your 7.5 point range to play with until then ... enjoy your range ... we may allow the range to expand by as much as 3 ticks on either side, but otherwise stop your begging or move to Europe.

FOMC range.JPG


I have no idea, of course, but it seems as plausible a conjecture (or more so) than the massive signals I've seen around here.
 
Ok, peoples ... FOMC minutes at 2 PM Eatsern ... so here is your 7.5 point range to play with until then ... enjoy your range ...

?
This is just minutes, not an interest rate meeting. Don't expect much at 2pm.

The market is going to keep floating up and B1's equity will keep floating down.
 
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