ES Journal - 2019/2020

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Interesting that the VIX futures falls is down alot today when market is up just a little. It trades like a bottom is in. There's a divergence here vs. the market.
 
As long as we can close above yesterday, I'm sure we will head higher tomorrow and likely into next week. This market needs to cool off a bit before deciding where to go. That said, man, I used to think the past 11 years of nonstop buying frenzy was downright idiotic. This past month's panic selling like there's no tomorrow shows what a bunch of fickle MOFOs we are.
 
Laissez Faire said:
Probably taking a 'breather' today.

After all, we're already down 16 % on the week from Friday's Close to yesterday's low.

First, we need to take out yesterday's HOD at 2442,25. If we do that, I don't see why we can't print 2480 or 2500 today.
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Damn - this market is weak. Barely able to close green today. + 0,23 %.

Today was an expected consolidation, but I had imagined we'd see a bit more upside today.

In the last 3 weeks, we made the Week Low on Friday 2/3 times.

Wouldn't surprise me to see the same for tomorrow.
 
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60 Minute Channel.

Today was basically a double top.

May consider a short overnight.
 
schizo said:
Okay, but here's the rub. I dunno how old you are but back in the 70s and 80s when everything on the store shelves were "Made in America", prices were pretty expensive. People didn't have the financial means to splurge as they do now. It's through cheap labor from countries like China (and before that, Korea) that we have become spoiled rotten that we are today. Does anyone know what "frugal" even mean anymore? Once spoiled rotten, always damn rotten is my philosophy, especially when it comes to money. And I doubt that will change simply by rebranding our economy back to "Made in America".
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Remember it well... at least from ‘75 on .. born in ‘69... the ‘80s were extremely robust under Reganomics as it really was the decade that defined and made us... capezio shoes, Cavvarichi jeans, Drakkar and big hair!! .. Point being is how do we allow a competitor on verge of being a sworn enemy manufacture our medications?
that said, we need to be more self dependent as the most creative, innovative, resilient country this world has ever seen, we are more than capable.... Like every traders mantra should be, defense first and never ever leave yourself open to being KO’d...
 
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