ES Journal - 2019/2020

[IB_Dude]

On Friday, we closed hard against the red trend line that ran from our bounce off ~2640, we also kissed off it during the Sunday overnight session and failed to get at it during RTH.

The green trend line comes from the March 23 lows and I believe it has to be defended maintain this up move. I think we can still see 2724 and still defend the up trend, but a visit and close below 2700 doesn't look good for this up move.

 

[Noone123]

JFC...never in history of oil would people imagine negative price on the black gold. Maybe China will just dig up a giant hole in the ground to store the cheap oil.

 

[Hooti]

JFC...never in history of oil would people imagine negative price on the black gold. Maybe China will just dig up a giant hole in the ground to store the cheap oil.

There once was a discussion about pumping it back into the ground here...

 

[Sekiyo]

What are the algos doing ?!
So much selling, downward absorbtion.

 

[Spooz Top 2]

We`re looking at an Island Reversal here off the open... Big Bearish Pattern!
Which is what I anticipated would happen given 2 short entries.....

I`m going to continue to sell the rips, melts, & grinds...

 

[Noone123]

Wow CL higher volume then ES. Everyone and their grandmas are shorting oil.

 

[Buy1Sell2]

Teenagers got us our nice overnight pullback and now we are ready to go for a nice upmove from here. I'm staying long.

 

[syswizard]

just as the cut from OPEC+ hasn't done much, if anything.

OPEC doesn't start cutting till May 1st.

 

[FriskyCat]

Magoo sees a firm floor being built in crude as well. Only down 30% overnight. Long term buy and hold investor in crude futures. One of a kind.

 

[nillionaire]

Wow CL higher volume then ES. Everyone and their grandmas are shorting oil.

Seems like still lots of people going long oil via USO from what i see on other sites.