ES Journal - 2019/2020

[Buy1Sell2]

We have now entered a bear market.

Bear market continues here. I generally see things much earlier than most.

 

[NQurious]

Bear market continues here. I generally see things much earlier than most.

lol I'll say, B1! You called the bear market five months 200 to 300 points ago ... better to be fashionably late, perhaps?

Looking good as of now. We'll see what RTH brings today.

Why is it you always see overnight rallies as selling opportunities but you never see overnight declines as buying opportunities? I'm starting to suspect you are a "glass is half empty" kind of guy, B1. Smile! Be an optimist!

USA! USA! USA!​

 

[Buy1Sell2]

Why is it you always see overnight rallies as selling opportunities but you never see overnight declines as buying opportunities?

​

Huh?

These overnight pullbacks are so good and healthy for an up-trending market. ---Love it!--- Will be trading predominantly from the long side today.

 

[maximumpossiblesuffering]

Certainly enough damage has been done by The Great Orange Problem to the world's intermediate term economic prospects and potentially, to the US's long term prospects (the Trumpites clearly do not appreciate the damage done to US Agribusiness and the importance of Agribusiness as a foundation of our economic prosperity) that a severe comeuppance is .... coming up.

Now that the bond market has gone and slightly inverted the yield curve, barring a quick reversal, Powell really has no choice but to lower rates again quickly or fire up the QE engines again (He'll likely get it all fixed up at Jackson Hole - incredible timing, you know). We will see if he will steer through it or if the unthinkable has happened: The US is cursed with an incredibly stupid President at the same time itis saddled with a Fed Chief of commensurate intellectual ability.

Of course, the market is forward looking, and one wonders (at least I wonder) why we are still trading near all-time highs if the world is on the brink of recession. Which is why I trade technicals based on statistically significant price behaviors. Because if the numskulls runnin(ruining?) the show don't know WTF is going on, how am I?

It appears the previous weekly highs are resistance now. Is the Fed liquid enough?(!)

 

[Buy1Sell2]

No cash gap today and that is a very good thing. We need to extend below yesterday's cash low to give some fuel to this condition.

 

[Buy1Sell2]

The key on this intraday downturn is getting through 2917 convincingly and then 2870s come into play today

Yep----it was today rather than yesterday, but there it is folks. BBBB

 

[speedo]

Nice trading overnight...not so much since open so far

 

[dangkevin]

Sell the rally day, but with ES nearly 2% down. Not sure how much it will go down.

 

[maximumpossiblesuffering]

Nice trading overnight...not so much since open so far

ES is toying with my threshold indicator for a sell signal. Whatever. Confucious says, “A position of positive gamma with positive theta leads to trading happiness”. Ok, maybe it wasn’t Confucious. Maybe its not even an exact quote by a famous options trader. But I like it!

 

[Buy1Sell2]

We are currently in a bear market. Fact is, I see things much earlier than most other folks. I may miss on a couple of early entries , but then make up for it in a huge way.