ES Journal - 2019/2020

[Overnight]

I bet it's a hell of a lot lower than where we are right now

So 2900 I would guess.

 

[Relentless]

It's just that NDX is so close to ATH, I think it's a real possibility it gets tagged, and that process will drag ES upwards with it, while it happens, somewhat proportionally. But who knows...

Oh believe me I don't disagree with you at all. It's really a tough call.

I tend to follow the S&P and the Russel more but I need to get better about tracking the Naz as well. 3130 S&P range is the line in the sand for me as to whether or not we just go straight back to the highs. Maybe that level puts the NDX around its high? Should be close.

So 2900 I would guess.

2900 might be conservative knowing Schizo. You already have a couple others here looking for sub 2800 in the coming days/weeks/months. But 2900 is probably a solid first target.

 

[syswizard]

An amazing thing happened in the crude oil (CL) market today that is noteworthy: the EIA came out with a very bearish report indicating inventories climbing much higher than expected. Result: futures continued higher....until they pulled back with the equity market swoon this afternoon. Conclusions:
1) The Fed must have traders in the crude oil pits keeping the price up .
2) Crude oil is going to take a cue from the equity markets.
So the Fed has now effectively made EVERYTHING UN-shortable....
not Gold, not stocks, not crude oil, not bonds, not ETFs......nothing can safely be shorted.
just incredible. So much for free markets. Here's to our "Federal United States of America".

 

[FriskyCat]

It's just that NDX is so close to ATH, I think it's a real possibility it gets tagged, and that process will drag ES upwards with it, while it happens, somewhat proportionally. But who knows...

Seems like whenever an overhead target is within spitting distance, the short, but violent "rug pulls" begin anew.

 

[FriskyCat]

Giovanni and Hafez sound related.

 

[schizo]

What the heck is your target, with a stop that far out?

Heck if I know. I only know that we're reversing. Plan to hold this as long as possible.

 

[schizo]

So 2900 I would guess.

You must be kidding me. I'm thinking 2600 at the minimum.

Ya better get ready to duck because, like I said before, you ain't gonna see the ATH ever again in your lifetime.

 

[Giovanni218]

Few will dare short and hold and I understand it . This is not a trade but a hold of several weeks to months . I’d be shocked if we don’t see 2500-2700 this summer .I started my short today over 3055 and will scale to 3100 and then only add if we break back under 2980 . My stop is 3250 . I’m willing to risk $100k lose to make up to $500k . You need at least $700 k in your account to comfortably hold this trade . If I’m wrong I won’t hide and I’ll get on here and post my lose . It seems many traders only appear when they win and hide when they lose .

I went in the eye of the Hurricane and slayed a monster . 3014

 

[FriskyCat]

I agree I started shorting from 55-63 earlier today as i posted before the drop and was going to wait to under 3k to add but i had to add more at 3033 . I'm bearing down and going very hard on this as were falling only . I will trade around some of it .


I went in the eye of the Hurricane and slayed a monster . 3014

Nice job Hafez, but you forgot to log out as Giovanni before agreeing with him (you).

 

[Overnight]

You must be kidding me. I'm thinking 2600 at the minimum.

Ya better get ready to duck because, like I said before, you ain't gonna see the ATH ever again in your lifetime.

Your lifetime is short, because you are smoking the funny stuff?