ES Journal - 2019/2020

[Buy1Sell2]

Support area that we need to break through to have a shot at legs on the downside today is 2905 area. I'll be watching that area closely.

Still have to get thru the area I described yesterday at 2913 area and that has played havoc with shorts. Let's do it today.

 

[Buy1Sell2]

Support to get through should be 2905, 2900, 2886, 2878 and then a lot of legs perhaps.

 

[_eug_]

CL here is finally finished distributing at huge monthly chart level and looking to dump hard as well. Will today be the day of redemption for the bears?

 

[mbondy]

b1s1 you've broken a record for calling 553 of the last 0 pullbacks. Keep em coming.

 

[Buy1Sell2]

b1s2 you've broken a record for calling 553 of the last 0 pullbacks. Keep em coming.

--but am well ahead for the year--

 

[Buy1Sell2]

In 7 more points down, Cash will be at 2900. That will be an interesting area.

 

[_eug_]

Here is my speculation on the low volume over night rally that get sold off on the open. It's a perfect way to distribute a massive amount of contracts higher and higher levels. Run it up on low volume over night, then sell hard to the day traders who provide liquidity, as the market drifts up they sell every single pop hard during regular hours where there is a lot of liquidity. At some point the carpet gets pulled out and the market will "flash crash"..

Just some Wednesday morning rambling.

 

[Buy1Sell2]

Headed out to the range for a bit to work on some things and then off for 18.---Talk to you soon---

 

[mm2mm]

today is the judgement day isnt it

 

[Rickshaw Man]

Now the long slow grind back to the highs....As lunch nears you may hear.....The markets sold off on the open but have since recovered and are approaching the session highs.