ES Journal - 2019/2020

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HAPPY EASTER!!!
iu
 
Oil market today was unsettled as one would expect with the OPEC meeting. CL held at the 22.57 level as a low...now painting in the mid 23's. The G-20 meeting is tomorrow and everyone must follow the script to get oil production cut to the right level for the current weak demand. This will not be easy as many nations are involved.
Read all about it here: https://www.cnbc.com/2020/04/09/the...the-g-20-meetings-over-the-next-48-hours.html
Keep in mind that a super-weak crude market could affect the equity markets.
It'll drop down to 17-ish and then shoot back up IMO.
 
Today was the smallest RTH range since this whole 'sideshow' started. The daily range peaked at the 13th of March with 218,25 points. My proprietary volatility measure peaked at the 18th of March.

Both have been slowly contracting ever since.

It remains to be seen if volatility will pick up again or if the wild days are behind us.

upload_2020-4-9_22-35-37.png
 
Today was the smallest RTH range since this whole 'sideshow' started. The daily range peaked at the 13th of March with 218,25 points. My proprietary volatility measure peaked at the 18th of March.

Both have been slowly contracting ever since.
It remains to be seen if volatility will pick up again or if the wild days are behind us.
What is the volatility measure ? It's certainly not VIX.
 
What is the volatility measure ? It's certainly not VIX.

I'm no expert on the VIX, but I believe VIX is a measure of implied volatility as in daily percentage change over the next 30 days.

The statistic I'm showing is a record of actual 'micro' price movement, i.e., swings over the course of a given day.
 
A couple of dudes on here were short and bearish . Wonder if they covered today.Up 28% theres a good few day short coming up .
Added short today and will let it sit. In observation mode, so won't add more at this point until I can calibrate this movement.
 
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