ES Journal - 2019/2020

[SPYgrain]

For my next trick I am looking to cover my runners at 2834

 

[NQurious]

I love Art Cashin - hope he is ok.

 

[Laissez Faire]

There's an old adage that's been around as long as I can remember. Art Cashin on CNBC used to say it a lot.

"Volume is validity".

I can't disagree that it makes sense, but is it really useful? Not sure if you saw my other post where I particularly question volume analysis on a thick instrument like ES. I'm sure it's far more useful on single equities.

Tuesday the 7th of April so far resembles today: A large gap up which is sold hard on higher volume than the preceding day.

What happened next? The market rallied 250 + points from that Tuesday's Close.

 

[SPYgrain]

Volume - It's useful to confirm a trend or support/resistance..use it within the context of current PA/chart pattern. This is how I use it.

 

[speedo]

I love Art Cashin - hope he is ok.

One of my favorite Cashin lines ...on slow sideways days "Bunch of locals standing around picking each others pockets"

 

[NQurious]

Oops, I posted this to the wrong thread lol ...

short 74.25 stop 98.25 target MOC

I'll post a screen grab too so I can delete form the other thread

 

[SPYgrain]

Oops, I posted this to the wrong thread lol ...



I'll post a screen grab too so I can delete form the other thread

View attachment 226315

odds for a lower LOD have to be 70% or better ..thoughts?

 

[NQurious]

odds for a lower LOD have to be 70% or better ..thoughts?

Needs to move down soon or I will pull the plug - maybe another 5 to 7 minutes

 

[syswizard]

FOMC Meeting outcome....https://www.ft.com/content/116aa6f4-274b-4d90-aaa5-cda845931366
Will this spark ES up even further ?

 

[NQurious]

I'll post a screen grab too so I can delete form the other thread

stop 72.25 and if touched I'll move on