ES Journal - 2019/2020

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NQurious said:
I've been posting this chart for a week or so ... 2645.50 on deck next and if that goes, all the way to 2309 ...
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2646.25 ... if she doesn't hold, then we're in for some real good times ... all the way to 2309 ...

2646.25.JPG
 
This Trump ban on European return travel should have us base out and head higher. This should be a positive for the market. Long term buy signal from last week still en vogue.
 
volente_00 said:
A bottom is formed on volume and a V bounce. When it happens it is quick and the market doesn't give much time to get in. The short R:R has became very risky at the level of 2700 and below. Even though we dropped 20% my original target is 22.1% objective. Would take multiple closes under 2579 to open up further downside. While possible I don't think it is highly probable.
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I don't know what kind of volume analysis you use to determine "a bottom is formed on volume", (depends on TF I suppose) especially in the early overnight session when volume is thin, but I do agree, looking at, or even better, using volume to determine the end of one leg and the beginning of a retrace is the way to go!! :thumbsup::D

A factor to make volume analysis more interesting... rollover, at least technically, started with this overnight session!
 
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