ES Journal - 2019/2020

[Overnight]

...

He was on it in the past. And then I paroled everyone. Most of those who were on it then have violated parole and have been returned. This one is trying hard to return there as well.

Hey man, I have asked to Skype with you in the past, and you have not acknowledged that idea. No "yes or no", just silence. If we were to speak with each other, you might glean a bit more about me and understand my angle, rather than write me off outright. :-\

 

[NQurious]

See, I told you so

This is the same behavior (thus far) as last Sunday night. Took about three hours to hammer out a low last week. One big difference is that the market was extremely oversold relative to its range last week, whereas it is now pretty much dead middle of its range, and therefore as about a 50/50 of what its is going to do at the moment, imo.

There are reasons to expect the rally to continue to the upper channel trendline and to get there sometime around 3 AM eastern on the morning of 5/12 ... but it is monthly expiration this week, so the high might wait until Friday, or we might see an overthrow of the upper channel trend line.

 

[NQurious]

I have asked to Skype with you in the past, and you have not acknowledged that idea. No "yes or no", just silence.

No, thank you.

you might glean a bit more about me and understand my angle

Your "angle?"

 

[Overnight]

...
Your "angle?"

I.E., why I type the things that I do. Oy.

 

[NQurious]

I.E., why I type the things that I do. Oy.

I'm not a therapist.

 

[Overnight]

Overnight, while lacking higher processing power, is a good feller.

I like that.

 

[Overnight]

I'm not a therapist.

And apparently not a vox conversationalist, even during the COVID. :-(

 

[schizo]

This is the same behavior (thus far) as last Sunday night. Took about three hours to hammer out a low last week. One big difference is that the market was extremely oversold relative to its range last week, whereas it is now pretty much dead middle of its range, and therefore as about a 50/50 of what its is going to do at the moment, imo.

There are reasons to expect the rally to continue to the upper channel trendline and to get there sometime around 3 AM eastern on the morning of 5/12 ... but it is monthly expiration this week, so the high might wait until Friday, or we might see an overthrow of the upper channel trend line.

View attachment 227519

Actually, the reverse occurred as the Nikkei got underway. We still have about 70 minutes left until the Asian session opens for biz. As you said, we'll likely turn around if what happened last Sunday was any indication. But, you never know until it happens. Fingers crossed.

 

[NQurious]

we'll likely turn around if what happened last Sunday was any indication.

Not much to turn around as this is all simply ranging at the highs ... Treasury going to put $35B to work this week versus $40B last week ... those are scheduled FOMO ... no telling how much and who holds the pump this week for the POMO.


https://www.newyorkfed.org/markets/...ities/treasury-securities-operational-details

And price trading above the open and trending up and first 60 minutes bullish ... someone may have left the printer on over the weekend for all we know.

 

[schizo]

Not much to turn around as this is all simply ranging at the highs ... Treasury going to put $35B to work this week versus $40B last week ... those are scheduled FOMO ... no telling how much and who holds the pump this week for the POMO.


https://www.newyorkfed.org/markets/...ities/treasury-securities-operational-details

And price trading above the open and trending up and first 60 minutes bullish ... someone may have left the printer on over the weekend for all we know.

1 more minute to go before Asia enters the FOMO race. Looks like 2960 will be a good spot to unload, if you're already long.