ES Journal - 2019/2020

[FXtrader8911]

I highly doubt you were able to position yourself ahead of this slide predicated on
fundamental info....

On the contrary, I did go short.... I walked the talk!

 

[Pekelo]

What I`m referring to is from a Technical standpoint....

Funny thing is, so far nobody has asked me yet: Hey Pek, just why did you call the SPX top at 3385?

I guess I wait until someone gets curious enough....

 

[Spooz Top 2]

I have to agree here. In the last 4-6 weeks leading up to the top the futures gapped up 4 out of 5 times overnight. There were huge consecutive upgaps and the market didn't even look back just kept going up. It was 2000 all over again.

There was a huge RSI divergence too, on the daily chart. The ATH was the 3rd top in 2 months and the RSI kept falling. This is just from the technical POV, not to mention the shoeshine boys buying calls on Reddit...

So you were able to locate a conservative entry point, Short Side, as a result from this info...
in which you would not be stopped out from noise??

 

[Spooz Top 2]

On the contrary, I did go short.... I walked the talk!

.... and where might that post be? Entry & Exit points ?

 

[Buy1Sell2]

I believe there is potential in the next 30 minutes that we may see a basing out floor that will provide the spring up past 3060. If not, I will continue to watch.

Yep
Major buy signal below 3060. Long 3052.00 Initial stop 2940.00

 

[Laissez Faire]

Funny thing is, so far nobody has asked me yet: Hey Pek, just why did you call the SPX top at 3385?

I guess I wait until someone gets curious enough....

I'll bite! Why did you?

But just as interesting to me is where to from here? And is this the top that so many on ET have tried to pick for the last years now?

 

[tenny1886]

Yep
Major buy signal below 3060. Long 3052.00 Initial stop 2940.00

Not out of the woods, next week will see where we are truly headed. Too early to go all in. 3006 and below bullish territory but if 2980.00 floor breaks then its a different story.

 

[Buy1Sell2]

Yep
Major buy signal below 3060. Long 3052.00 Initial stop 2940.00

Watching closely to see if we can get above 3060 and hold for new floor.

 

[tenny1886]

old post but still relevant, price came to claim 3006.25. This was area marked from larger time frame. One signal has not aligned from larger time frame, will wait for coming week or two to better understand where we stand.

 

[Buy1Sell2]

Watching closely to see if we can get above 3060 and hold for new floor.

Ok this third thrust today needs to come back to 3060 and go higher----otherwise----