ES Journal - 2019/2020

Status
Not open for further replies.
wiesman02 said:
Why 3060 ?
More...

Only an idea.
upload_2020-5-25_11-16-33.png


Projected channel top around 3030 ish.
Measured move target 3100+.
Maybe a break out of the channel to 3050-60 area, pullback to test the channel and then towards 3100+?
At least that my guess for the bullish scenario
I'm currently flat in my 'swing account' but hoping for a pullback to go long. I really don't like chasing it, although the Fed have been so kind to me on longs recently that even when I chase it on the long side and think i've probably got a bad price, It works out fine lol
 
theapprentice said:
Maybe a break out of the channel to 3050-60 area, pullback to test the channel and then towards 3100+?
More...
I wonder how much gas she has left to climb up to 3100+ levels in the short term. I would expect at least the pace to slow down, with NDX almost at it's ATH again. The reason ES isn't there is due to certain sectors such as Finance, Airlines, Travel, etc and small cap stock. Or would they continue to shamelessly pump up the FB's, AMZN's and Apple's of this world to unprecedented levels?
 
Everything's crumbling around us and the mkt's forced us to ignore reality and chase.I'm very confident into the fall we'll all be asking what was everything thinking pushing the mkt to 3k.
 
The action of the last 17 hours was classic. I wish I'd have played.
First off, its purely artificial. Algorithms that have all the price/volume data fighting each other.
Just looking at the chart, that move at about 4:30 near 2967 was such an obvious long.
Not sure how high it will go here, but I feel pretty confident it'll be near 2960 at some point before the bell tomorrow.
 
Status
Not open for further replies.
Back
Top