ES Journal - 2019/2020

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tenny1886 said:
Back to RTH high or test of todays high is from todays session or after the latest down move.
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this was in play since the first move down, expected in RTH but spilt into AH. the down move to the new low spooked me off, could not make any meaningful gains.
 
The obvious eventual chart point for the bottom is the scene of the crime ... the prior 200/2007 double top. That allows for a bit more than a 50% decline from the ATH. So, divide the ATH by two and subtract a happy meal.
 
themickey said:
Looking at longer term big picture, no signs of a bottom yet, but I think we've temporarily bottomed.
Dow resting on 20,000, Nasdaq resting on 7000 give or take a couple of points.
We've got nice long monthly bar down but we haven't matched 2008 for the size drop overall.
The volume bar this month looks like an exhaustion type thing but often exhaustion volume bars are near bottoms, not actually on the bottom.
I reckon we'll get a dummy rally here, maybe a repeat on last Friday where the shorts covered going into the weekend, still 2 more trading days to go however.
View attachment 222475
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Heya Mick! Where u been son? I was worried about your kangaroo ass.
https://elitetrader.com/et/threads/es-journal-2019-2020.328086/page-1552#post-5040360
I already know.... all's well. ;)
Good.
 
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