ES Journal - 2019/2020

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Short 3025. Stop @ 3050. Targeting 2860, but I might be content with 2900.

I don't like fighting the FED and a world abundant of money but I think there's a decent chance we have a short term top here and can see at least a retrace lower.

Any specific reasoning as to why here as opposed to say 3050'ish or nearer 3100?

Just curious.

Btw that's the biggest stop I've ever seen you set. Must have some pretty solid conviction unless you are open to tightening it / jumping ship early.
 
Any specific reasoning as to why here as opposed to say 3050'ish or nearer 3100?

Just curious.

Btw that's the biggest stop I've ever seen you set. Must have some pretty solid conviction unless you open to tightening it / jumping ship early.

I have 3021,50 as a key technical target and we pretty much printed that on yesterday's Open. Since I missed that one - I considered this overnight move a gift for a late short.

It's possible we can go even higher and that I'm a bit too early here, hence the stop. The stop is wide since this is a swing trade (which I normally don't).
 
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Macro Res level

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