ES Journal - 2019/2020
- Thread starter Buy1Sell2
- Start date
- Status
Well the market giveth so just don't forget to take some profits to make up for the other Bear Market shorts that hath taken away ... wishing you the best for your surgery today, B1
I'll be cutting out after the AM portion of the show today and I'll be out of the market for a week or so more or less ... heading out tomorrow to help chaperone a field trip for my son's class trip and then next week I'll be moving my daughter from her dorm room to an apartment for her summer internship.
Looks like B1 is finally getting a pullback to write posts about lol ... I was surprised by yesterday's week close ... the $SPX did exactly what it had to do to give the bear side a chance by closing a hairs breadth below it's open AND below the prior day's close. Those cash opens and closes tell much more about the market than the gyrations of the ES ... its sort of like the FED ... the FED only thinks it controls interest rates, but in fact it is the Bond market that controls the FED. Likewise the ES ... the ES traders think that they are the market, yet how many times has the ES done something overnight that the cash gives not one iota about when it opens for business.
Looks like B1 is finally getting a pullback to write posts about lol ... I was surprised by yesterday's week close ... the $SPX did exactly what it had to do to give the bear side a chance by closing a hairs breadth below it's open AND below the prior day's close. Those cash opens and closes tell much more about the market than the gyrations of the ES ... its sort of like the FED ... the FED only thinks it controls interest rates, but in fact it is the Bond market that controls the FED. Likewise the ES ... the ES traders think that they are the market, yet how many times has the ES done something overnight that the cash gives not one iota about when it opens for business.
For example cash gap at 2834's I think
43's cash traded and on 1500 tick ES 44.5, 44.25, 44 ... doesn't mean its a bottom, but it means those who follow the script recognize a possible bounce opportunity ... but it is trend down short the bounces until it isn't ... that 34 gap fills today ... below there 2812's next target.
- Status