ES Journal - 2019/2020

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EsKiller said:
had a few really good long signals that should not have taken much heat. Usually when I see that we reverse or stay in range. Looking at the hourly and 4hr, we might need more bulls to get stops run for a move through 75
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a TR can also go slightly downwards or up. But the last few candles show signs, that it is not a TR at all. Usually Wednesday is reversal day. So statistically it tends to be a major trend reversal, not a pullback.
 
I guess many were caught off guard, that markets tend to close lower before extended weekends. But I don't trust the short side so I sit on my hands the rest of the day.
 
EsKiller said:
Daily candle today was a bearish hammer. While these pose no significance to me from a bearish standpoint, they do have meaning when the next day is a bullish bar that engulfs a good portion of the wick (short squeeze to new highs). If you look at the daily, there have been various modified bearish hammers that have been fully engulfed since the sell off (April). that being said, if past performance does indeed dictate future results (hehe), Wedensday will close near 2960ish. and Thursday will begin the move to 3000
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this is my prediction from last night when we were around 2940. It still can play out
 
Cessna06P said:
Fed minutes nothingburger.
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Think the focus is on the press conference more than the actual policy statement release. There was really nothing new to be learned in the latter.

Could still be a total nothing but you never know with these knuckleheads.
 
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