ES Journal - 2019/2020

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I hope that we don't run off way in front of The Hog here overnight with the teenagers trading. I don't want to have to deal with a full day of pullback to find the right long in RTH
 
If these times don't qualify for a bear market I guess what you are saying is that bear markets don't exist. You really believe everything will be business as usual in three months without further impact on global economy and finance?
 
Bear markets are typically 2 to 3 yrs. This does not qualify yet. Currently, we are in a correction inside an ongoing bull market. Don't try and overthink the current circumstances.
 
The V shape rally means the markets over adjusted and rallied to make up for it. After that, and if I am still reading this correctly, there should be a consolidation or range. We may trade in this zone for a week or two. It's still going to be volatile since range will be bigger. Don't know where with accuracy, but probably 2450 to 2650, +-50pts.
 
I want a base to be built at 2450-2500, tested and hold at least over multi days before I am comfortable with not looking over my back. That way, we can focus on long and buy dips. B1 may do very well going forward.
 
Now a huge sell tmr will put a wrench in the analysis...to make it a bit confusing. If the markets are too easy to read, then smart money can't profit from it. They need to make it confusing...as you can see how sentiment changes over night from 1 extreme to the other. This was totally not expected. If I can't read the markets well after 3 days, I will take a break. Typically, i can read well over 3 conservative days.
 
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