ES Journal - 2019/2020

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Looks like the breakdown is imminent from here. Let's see if we get to 2400 before the open. Again, I'll see you on the other side.
 
schizo said:
Hooray, you're finally catching on. Welcome (finally) to the den of thieves and sharks. :D :finger:
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If so, Friday would be a bloodbath for the longs who just bought in and want to get out. I might hold on to VIX longer to get the amplify down move, which will spike the VIX.
 
Noone123 said:
If so, Friday would be a bloodbath for the longs who just bought in and want to get out. I might hold on to VIX longer to get the amplify down move, which will spike the VIX.
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Also you gotta remember, we've had monster rallies for the last x weeks (was it 2 or 3? can't remember). Everyone will expect a follow-through tomorrow. It probably won't happen since we already ran up so much this week. Also there's the danger of something bad happening over the weekend and nobody wants to carry their crap home over the weekend.
 
schizo said:
Looks like the breakdown is imminent from here. Let's see if we get to 2400 before the open. Again, I'll see you on the other side.
More...
We got teased so many effing times already. I probably left 100k on the table already. Hate to trail out and it goes down big. Maybe pissed me off enough that I will ride it all the way down. Lol
 
Noone123 said:
We got teased so many effing times already. I probably left 100k on the table already. Hate to trail out and it goes down big. Maybe pissed me off enough that I will ride it all the way down. Lol
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I definitely see 2500 in the card for tonight. For tomorrow, if the downstreak continues, I envisage we go down to 2400. But then again, take everything I say with a grain of salt. I'm just a noob.
 
It's also worth knowing that even in this vicious market, prices tend to retest/retrace before rallying or plunging in earnest. So it's good practice to not jump in too early. Let the eager ones dive in and drown first. :finger:
 
schizo said:
I definitely see 2500 in the card for tonight. For tomorrow, if the downstreak continues, I envisage we go down to 2400. But then again, take everything I say with a grain of salt. I'm just a noob.
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It's possible. Anything is possible in this markets. I don't think we will get straight to 2400 in a day. Maybe, next week. The Mondays have been huge in either direction.
 
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