ES Journal - 2019/2020

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The clear concise target to the upside off the Weekly/ Monthly IHS breakout is 3600...
That said, I expect a melt up to that range before we see a significant reactionary point..
Long & Strong... Bullys in charge!
Print it... Set it... Forget it!
 
Spooz Top 2 said:
Plenty of Juice left in this Puppy.... Magnetized North bound moves provide strong currents! ( from Sept 27th 2019)

Fade the paper....
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jesse-livermore-quote-great-traders.jpg
 
Another day and another all time high.

And I think we're set to make new highs by the Close. 3315 sounds just about right. Maybe even 3320. Would be surprised to see us both dip and close below 3291.

After two days of fabulous action today will most likely be a slow grinder and snoozer...

Thoughts?
 
Laissez Faire said:
Another day and another all time high.

And I think we're set to make new highs by the Close. 3315 sounds just about right. Maybe even 3320. Would be surprised to see us both dip and close below 3291.

After two days of fabulous action today will most likely be a slow grinder and snoozer...

Thoughts?
More...
No clue on levels as I rarely look at tf's higher that my highest day trading tf, and when I do it's strictly for academic interest. I do agree we are due for a consolidation day.
 
Observe how we pushed below 3304 roughly 3 times and snapped back up each time. That's a pretty decent long signal in my book.

It remains to be seen if the same happen on top of this range, but in line with my prediction above - I favour the chance of a continuation higher on this next push up.

EDIT: OTOH - NQ was leading this morning, but is now doing it's divergence thing well below its HOD as it's been doing for the past days indicating a top. Nothing works all the time and the two decouple from time to time. Generally, I get nervous when they don't move in synchronicity though.
 
Laissez Faire said:
Observe how we pushed below 3304 roughly 3 times and snapped back up each time. That's a pretty decent long signal in my book.

It remains to be seen if the same happen on top of this range, but in line with my prediction above - I favour the chance of a continuation higher on this next push up.

EDIT: OTOH - NQ was leading this morning, but is now doing it's divergence thing well below its HOD as it's been doing for the past days indicating a top. Nothing works all the time and the two decouple from time to time. Generally, I get nervous when they don't move in synchronicity though.
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ES: TR, YM: weak up channel, NQ down ; wait for more information.
 
Huyang said:
ES: TR, YM: weak up channel, NQ down ; wait for more information.
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Agree on the latter.

Both long and shorts are getting trapped here for sure. 'Fake' breaks on both sides of the range.

I am however (stubbornly) leaning on my long bias from my prediction (not based on charts) posted earlier.

Should we fall of a cliff from here - I'm thinking the downside should be limited anyway.

NQ ain't looking pretty though and ain't helping for sure - but it touched a potential level below now.
 
Laissez Faire said:
Agree on the latter.

Both long and shorts are getting trapped here for sure. 'Fake' breaks on both sides of the range.

I am however (stubbornly) leaning on my long bias from my prediction (not based on charts) posted earlier.

Should we fall of a cliff from here - I'm thinking the downside should be limited anyway.

NQ ain't looking pretty though and ain't helping for sure - but it touched a potential level below now.
More...
clarification: my previous post was about today's chart --- intraday trading.
 
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