ES Journal - 2019/2020

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The worse the news is the stronger the mkt is . No wonder main street is so angry . 26 million unemployed and wall street could care less. Gave back 10 months out of an 11 yr super bull mkt
 
The hope here is that this 2807 area does not create a new short term ceiling. This is the fifth time here though and I would like to get through it. I still believe the first real resistance will be in the 3100 area on the way to ATHs.
 
Range bound, but looks good for the long side here, IMO. Strong short term bias higher as long as we hold above yesterday's Close at 2789.

Of course - if the 2810 area is heavily sold with continuation - that changes the picture.
 
Buy1Sell2 said:
The hope here is that this 2807 area does not create a new short term ceiling. This is the fifth time here though and I would like to get through it. I still believe the first real resistance will be in the 3100 area on the way to ATHs.
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B1... we won't see any new all-time-highs for years buddy.

Everything has changed. Do you not realize that? Corporate stock buybacks.... its a thing of the past. Its over. Game changer. Period.

Burn this into your brain: When the government steps in and controls the downside across every sector to save Main Street, they sure as hell are gonna control the upside.

Snap out of it Izzy. You can put me back on ignore, but you need to wake up and smell the Starbucks my friend. Its over. Everything has changed. Capitalism as we know it has changed for good. Get it through your thick skull... there aren't going to be any new ATH's. Period. Case closed. Quit posting ignorant stuff in your own journal.
 
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hafez50 said:
The worse the news is the stronger the mkt is . No wonder main street is so angry . 26 million unemployed and wall street could care less. Gave back 10 months out of an 11 yr super bull mkt
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Initial claims for unemployment benefits fell to 4.43 million last week from a downwardly revised 5.23 million the week before.
 
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