ES Journal - 2019/2020

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Pekelo said:
1. There is no way we leave a 30 points gap behind for long.
2. Once Bernie is declared the winner, the market will tank.
3. Senate acquitting Trump is priced in, I think it will be sell the news.

Sold vertical calls...
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Nobody's talking about oil either. Remember what happened the last time it fell below $45(?).... the old "good news (for you and I) is actually bad news for the markets". I see its up today, but if China remains shutdown, demand is gonna fall off a cliff. Its a big sector of our economy now.
I guess Trump could always kick it up a notch or two with Iran to keep it artificially high though. Putin will like that too btw. What a game huh?
 
vanzandt said:
Lol... I had a feeling the markets were gonna love that debacle in Iowa. :rolleyes:
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Pekelo said:
Here. There is a huge RSI divergence and again the gap under us. It should get filled in 2-3 days max.
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Are you bearish beyond filling that gap?

As for gaps - there are quite a few below that's unfilled way further down. So I wouldn't be bearish on that basis alone for sure...
 
On the subject of gaps since I had some stuff up here. ES since early 2013:

# Gaps Up = 733 => Closed the same day = 47,5 %

# Gaps Down = 553 => Closed the same day = 51,7 %

This excludes smaller gaps (+/- 2,5) and only counts a full close (excluding those -1,0 points from a fill days) - but it's not really a strong bias one way or the other on that basis alone.
 
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