ES Journal - 2019/2020

[Laissez Faire]

Got chopped up earlier this morning. Currently nervously long from 3104 with a stop @ 3100.

Moving slowly here, but internals seems pretty bullish.

EDIT: Adjusting that stop to 3099.

EDIT 2: Stop @ 3100,50.

Could take a profit here, but I'm comfortable risking 3,50 points in the event we trade up to 3120 or so.

EDIT 3: Screw it. I'm putting my stop @ 3104,50. May get stopped out on a retrace, but just not feeling it here. Will hold until 3120 or the Close if not stopped.

 

[Laissez Faire]

You get the feeling that this is a bit too bullish though - hence my nervousness (also because of the late entry).

 

[FriskyCat]

The potentially bearish overhang is just how close NDX/QQQ is to the all-time high and how spastic it can get coming off of important resistance.

 

[Laissez Faire]

The potentially bearish overhang is just how close NDX/QQQ is to the all-time high and how spastic it can get coming off of important resistance.

Yes. Good point.

What a recovery, though.

 

[Relentless]

The potentially bearish overhang is just how close NDX/QQQ is to the all-time high and how spastic it can get coming off of important resistance.

Has it (NQ) been weak / squeamish you think the last several days at times due to actual weakness in the group or just rotation? Or both maybe?

 

[nenuser]

currently typing very nervously about how nervous my trade entry is, yes, full of nerves. Nervous me is very nervous because my entry has been late, hence my nervousness... Hope the trade works so I can start feeling unnervous again.

 

[Laissez Faire]

If that 3096 ish holds, this may creep up, But I think some profit taking smack down is more likely since everyone is on the same page.

Definitely a 'creeper' so far.

Not much happening, but no sell signals yet either. TICK is mostly above zero and other internals are fairly bullish too.

 

[syswizard]

Has it (NQ) been weak / squeamish you think the last several days at times due to actual weakness in the group or just rotation? Or both maybe?

NQ only 70-80 pts from ATH.

 

[Buy1Sell2]

My god, this move up over the next few days and weeks will be Massive.----- Written all over the chart. WYNN has already advanced 32 percent from last week.

We've got people now jumping in with both feet to state that the bottom is in. That's about 2 weeks or so late folks. ---The Izzy Bottom was called by me quite a while ago and it continues to hold.

Relax, you'll notice that we pulled back to 2750 area which is where we hope new floor construction occurs. We're going higher whether today or in weeks-----much, much higher.

---Reference points---

 

[Buy1Sell2]

WYNN looks like a screaming long here.

Wynn now up 94.41 percent from this call.