ES Journal - 2019/2020

David's faith · May 20, 2020

speedo said:
bull wedge

not today my friend. I guess as a scalper you had a neat day?

EsKiller · May 20, 2020

Long 68 stop 35. Will average down to 60. Target 3k

syswizard · May 20, 2020

Big tech (NQ) is rock'n again with all-time highs from Facebook and Amazon today with Amazon about to reach a milestone level of 2500. Apple moving up and only 8 points from it's all-time high. What can I say ? The Street loves tech right now....despite the price levels and valuations

vanzandt · May 20, 2020

syswizard said:
We are at the level of the Vee-Zee top, no ?

Did it hold or no?

vanzandt said:
Hmmmm.
The troops are amassing. They got to the top of the (2975) VeeZee wall the night before last but we beat em back.
Like the Alamo, but Santa Anna's showing some resolve this AM. He's pissed.

Nowhere is it written a crowded trade can't get more crowded.
Let Santa Anna do his thing.
Just remember.. he died penniless.

Brave soldiers they were.

vanzandt · May 20, 2020

vanzandt said:
Did it hold or no?

Brave soldiers they were.

If B1 could call levels like that, MONTHS IN ADVANCE, he wouldn't even be here.
And this is just a hobby for moi.

vanzandt · May 20, 2020

vanzandt said:
If B1 could call levels like that, MONTHS IN ADVANCE, he wouldn't even be here.
And this is just a hobby for moi.

For any thread newcomers that happen to land here via Google..........
From Jan 8:
(ES was at 3300)

vanzandt said:
Actually I think 2975 will be the new resistance... after 2690 is touched.

We can all draw lines on a chart. For the most part its useless. There's too much uncertainty out there... there's gonna be a pullback. It doesn't take a whole lot of charting skills to see that there will be strong support around the 2700 area. So my call of 2690 is more of a call on an impending pullback that I believe will come about before the election due to a myriad of macro-economic and geo-political uncertainties. Simple as that. I apologize if I was a tad short with my response. I see strong support at 2700. I see a world that's a powder keg and the most powerful man in the world is rattling around 1600 Pennsylvania Ave playing with a book of matches.

syswizard · May 20, 2020

vanzandt said:
Did it hold or no?

Zandty - It was an incredible call made over 4 months ago. Indeed, the market has turned back from that level several times.
However, given this raging bull market, I'm afraid that level is going to be taken out as the ES market clearly has it's sights set on 3000.

vanzandt · May 20, 2020

syswizard said:
Zandty - It was an incredible call made over 4 months ago. Indeed, the market has turned back from that level several times.
However, given this raging bull market, I'm afraid that level is going to be taken out as the ES market clearly has it's sights set on 3000.

It would appear so.
That said, it was caveated with "there may be a few short spikes above".
.........We're not going anywhere fast. In the up direction that is.

Overnight · May 20, 2020

vanzandt said:
Did it hold or no?

Brave soldiers they were.

NQurious · May 20, 2020

vanzandt said:
Did it hold or no?

Certainly feels like once again the market may be changing character and leave out flirtations with the beloved $3000 unrequited. The next rally attempt will be the tell. Today was the day, imo, for a real run at the round figure - momentum and technicals on the side of the bulls and what a fail.

The VZ top lives another day, perhaps another week .. another month? A year?