ES Journal - 2019/2020

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tenny1886 said:
i have two levels marked on my chart 2909.25 and 2898.50 ( not sure what are those levels but my pattern showing some key levels at those areas. Any one care to elaborate if it makes sense.
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if price breaks the low of 2893.50 then could be a downtrend, or else a bounce back from the low or even 2898.50 could mean price might go back up to cover the gap. my bias is to the downside but pattern and price movement at the moment are supporting uptrend. Thats just my take on trade as i see it now. But really not sure about how it would turn out to be, more experienced traders need to chime in.
 
tenny1886 said:
if price breaks the low of 2893.50 then could be a downtrend, or else a bounce back from the low or even 2898.50 could mean price might go back up to cover the gap. my bias is to the downside but pattern and price movement at the moment are supporting uptrend. Thats just my take on trade as i see it now. But really not sure about how it would turn out to be, more experienced traders need to chime in.
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I think right now the markets are all in limbo... the big players are all waiting for B1 to finish up his Sunday 18 and call a top or a bottom when he logs in here from his phone.
 
i am sure lot of swing players got caught in the gap down. I am not sure how i would play if i was holding over night positions. Not a good situation to be caught in or did they factor such drastic price drops beforehand.
 
vanzandt said:
Nikkei down over 2% already. Set your alarm. Might get real ugly real fast.
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If the low isn't in, then the 2889's are where I'd be looking for buyers ... Now, if B1 unleashes the full fury of the Dubai account on the short side, well ... I still think the 2889's likely hold ...
 
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