ES Journal - 2019/2020

[hafez50]

I don't think Amazon is a good proxy for the market right now. In fact, the longer we're hunkered down, the better for Amazon (and the worse for retail stores).




I remember that chart making the rounds in 2008 Not saying it could not happen in Europe or the US, just that all the people betting on it happening a decade ago got nowhere.

Really nice entry before, Kid, congrats.

Right now we're about 50% retrace from the move down, methinks.

I'm just pointing out there's still a lot of spec money chasing mo mo. Imho dips will be bought hard for a while. The down moves are very slow and grindy. I think earnings will be forgiven in the next few weeks as we grind in a tighter range maybe 2500-2850 for a couple of months. Then in June July the mkt will look to the fall . If the outlook murky we'll be revisiting lows or lower .

 

[SPYgrain]

in the HWB "zone"

look at that turn from HWB area..

 

[vanzandt]

. I think earnings will be forgiven in the next few weeks .

Only one thing there though.... watch out if one of the banks steps out of line and forecasts some doom and gloom.
I don't think they will, but ya never know.

 

[Buy1Sell2]

Long 2734.00 Initial stop 2714.00

 

[vanzandt]

Hahahah.
(muttley's on hold)
The market gods are playing me.
See the hod... ?

I'll wait, its goin higher.

I'm in.
Right at 136

Edit... no way it holds this high above vwap.
ugly (intraday) chart to short though, i will say that.

 

[EON Kid]

Increasingly bullish by the minute, but still within the script of a retrace in a down day. Final line in the sand here at 39-43, IMO.

Taking out that zone combined with NQ's strength - I'd say long and new highs by the Close.

I would agree and look to buy the pull backs, which may go a little deeper ~ for NQ to take out its HOD , maybe for ES to hit 2766

 

[theapprentice]

building a right shoulder here? (inverse)

 

[theapprentice]

L 38
stop at 30

 

[hafez50]

Only one thing there though.... watch out if one of the banks steps out of line and forecasts some doom and gloom.
I don't think they will, but ya never know.

As traders our job is to catch some of the sauce falling off the edge of the bowl. When we see an edge we try to exploit it with size. Right now there's no edge and our job is to take some crumbs falling on the floor.If the mkt reacts bad to earnings and punishes co's then its time to hold shorts past a few mins's or hr's. The mkt will tell us

 

[theapprentice]

L 38
stop at 30

stopped