ES Journal - 2019/2020

[FXtrader8911]

Non of that changes the fact

True, none of that is market moving news but the strong USD despite the rate cut is. A strong $ makes it tough for the US Multi-nationals, earning will reflect this, which will filter through to the share prices. If there is a rally today it will be driven by stubborn players unwilling to grasp reality. Of course, SA Market Forecaster have also predicted a rally to-day but that's based on astrology. The VIX is the highest since May... this is probably a more reliable sign than the planets lining-up.

 

[_eug_]

I'm done with predicting what will happen with the big picture. Just playing the liquidity pops / smacks of the technical levels at this point. So news really does not matter to me. I'll leave the prediction to the experts and gurus, I'm just here to make some money every day.

 

[Buy1Sell2]

Massive downward signals continue here.

This is why Utah. Not because the posting was read by the market, but because the technical signals were there.

 

[vanzandt]

This is why Utah. Not because the posting was read by the market, but because the technical signals were there.

Too bad you missed another 65 points then.

Out today at 2950.25 for gain of 63 pts.(current pricing is 2946)

No outraday or intraday positions on now that I have covered my outraday position. Trend remains down so I'll be primarily looking for a new short but will not hesitate to take an obvious counter-trend long for a few points. My bias is to look for extended gains on shorts and smaller gains on longs, at least at this juncture.

 

[Buy1Sell2]

Should be a nice bounce after the opening and that bounce should be able to be sold at a prudent time.

 

[Utah]

This is why Utah. Not because the posting was read by the market, but because the technical signals were there.

Probably. Whatever the case, it was a great short last night.

 

[Buy1Sell2]

Probably. Whatever the case, it was a great short last night.

No need to concern ourselves with the why.

 

[Utah]

No need to concern ourselves with the why.

Not so sure about that. I think the masses, those who dabble with trading their own stocks, do affect markets when they panic. When they turn on the news this morning and see that the markets are going to open more than 1% down, I suspect they might boot up their computers and sell, sell, sell. Those things, which may or may not have been caused by "news" do affect markets. Thus, knowing the "why" provides me with confirmation of continued market behavior.

 

[Buy1Sell2]

Not so sure about that. I think the masses, those who dabble with trading their own stocks, do affect markets when they panic. When they turn on the news this morning and see that the markets are going to open more than 1% down, I suspect they might boot up their computers and sell, sell, sell. Those things, which may or may not have been caused by "news" do affect markets. Thus, knowing the "why" provides me with confirmation of continued market behavior.

Behavior though is what makes up technical analysis and can be seen in the charts and indicators. Fundamental analysis is for the investor.

 

[NQurious]

$SPX all the way halfway back from June 3 low is 2878's, staying bullish month to month above 2840 barring a lower high on the next multi-day/week rally