ES Journal - 2019/2020

[Buy1Sell2]

2775 is a given now within the next few days.

We hit 2775.75 in the afterhours.

 

[Buy1Sell2]

Nice little bear market bounce occurring in the afterhours.

 

[NQurious]

Market related post in response to a market related tweet by President trump ... I agree with President trump ... he should be impeached immediately!

 

[Buy1Sell2]

Market related post in response to a market related tweet by President trump ... I agree with President trump ... he should be impeached immediately!

View attachment 206760

If true, this was hyperbole and as such was not taken seriously then or now.

 

[Laissez Faire]

Now look at 12/26/2018

A minor detail though:

The markets were down - 20,00 % from the ATH that day.

Currently, we're 'only' down 6,9 % ATH to bottom in RTH.

Yesterday was 'brutal' with a huge gap down and zero counter movement from the open. I think this minor detail makes a big difference.

Unless we get a huge up day similar to 12/26/2018 today - I'm convinced we have considerable down side left.

 

[vanzandt]

Feels exactly like 2008 to me. Let's hope it's not another 2008. At least I'll hope it's not.

August 2015 might be a more apt comparison. China pulled this same crap and devalued its currency out of the blue. I remember it well unfortunately. I had a sizeable position in Caterpillar and got absolutely hammered.

Here's SPY from that time-frame:

 

[Laissez Faire]

1st target below should be 53,50 - next stop would be yesterday's close at 2844,25.

My best bet.

 

[tenny1886]

1st target below should be 53,50 - next stop would be yesterday's close at 2844,25.

My best bet.

i wouldnt be suprised if it went to around 20.00 or lower but i am thinking more like over night numbers so around 50's would be a reasonable target.

 

[tenny1886]

they are going to take vix down soon , so it could mean the change in momentum, they could restrict the ES on pivot support 60.00 will turn interesting.

 

[Stockolio]

August 2015 might be a more apt comparison. China pulled this same crap and devalued its currency out of the blue. I remember it well unfortunately. I had a sizeable position in Caterpillar and got absolutely hammered.

Here's SPY from that time-frame:

View attachment 206761

2015 was likely to take some pressure off from defending non stop, they moved band... This one was tapping out, moved to 6.92 cause they are bust it seems and having hard time refinancing Eurodollars, they lost control... They had to sell Yuan bonds in HK to prop up Yuan ON. In May they were saying it's never passing 7, and it almost touched 7.15 last night until help from HK came along with fixing

HSBC and PBOC rumours floating around... PBOC has been borrowing hundreds of billions USD from HSBC, Flint fired when board discovered. More news will come out within few days for sure