ES Journal - 2019/2020

[tenny1886]

L entry 18.50 SL 14.50, target 30.00+
auto trade.

stopped. - 4 points, but was worth the risk. Did go down to my original target of 9.75 but due to the bounce @15.00 had to change course.

 

[tenny1886]

short term its down move, but over all i am thinking higher in a day or two. But my over all picture is smaller than B1S1 who might have view on the much bigger picture. Price needs to stay above 08.75 or atleast not make a new RTH low for my higher upmove to happen.

 

[glazier]

L 7688
stop at 78

 

[tenny1886]

damn not good for longs, a new RTH low in making in MHO.

 

[glazier]

L 7688
stop at 78

-10

 

[glazier]

one more try
L 7686
stop at 77

 

[tenny1886]

waiting for final wave down, how low anyones guess, i am thinking below 2900 i will look for longs. if down moves gets sustained then just might jump in long, right now nothing is for sure, cant commit to being long unless a convincing RTH low is made,or upmove starts to show legs.

 

[tenny1886]

Correct. This is the way that bear markets work. Predominant trend is down but you get bounces. I expect more selling.

Accurate gauge of market sentiment. kudos....

 

[tenny1886]

Intraday trend now decidedly down. --

Got it right, we just play short term moves, B1S1 gets the big picture.

 

[Laissez Faire]

The big picture is that we're rangebound and consolidating after an initial 209 point (- 6,9 %) drop top to bottom. What we're seeing here is no different from last October, really.

I think we'll trade lower from here. < 2820 by end of this week or early next week.