ES Journal - 2019/2020
- Thread starter Buy1Sell2
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I really do not see that anything has changed. The low was 85.25 which was easy enough to see as a target since yesterday afternoon. The market waffled around in the upper half of the range until almost noon, and it has now waffled around in the lower half of its range since about noon. The market loves symmetry, so 84.50 below will likely be tested before the close or soon thereafter so Europe can trend this thing up overnight in time for tomorrow's consolidation.
If 84.50 breaks and no one buys, then maybe we test the lower extreme of the range of the last 5 or 6 days. But really, all I see on the daily chart that is bearish is that we have seen a potential three tries for the market to muscle high with not much to show for it. Otherwise this is simply a dreadful consolidation at the highs of a MASSIVE bull swing.
In the meanwhile, only bonds have really been working well ... slow movers to be sure, but at least they move enough to make a paycheck without breaking a clicker finger.
What are some of your favorites?
I tend to hold value in my own country; my best performers this year were dol.to plc.to weed.to and bb.to most of which I was fortunate to start accumulating at the right time.
However, I swing trade momentum a lot (mostly bio/cannabis, bitcoin and tech lately) and there are a few companies I wish that I'd caught when they were lower.
#21
"I'm in love with La La Land."
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