ES Journal - 2019/2020

[Cessna06P]

Well that escalated quickly

 

[syswizard]

17 pt move down in ES in one minute. (50 pts NQ).
Pretty impressive volatility here.

 

[Arnie]

I think its Powell speak

 

[Gaslight Capital]

The Fed is creating a ticking time brick... This is the point of no return as they`ve crossed the line into the tipping point....

They don't cross the line until they announce they are first buying SPY, and then that they are buying the common of any S&P 500 stock tat is down by more than 2% on any given day.

 

[IB_Dude]

I think its Powell speak

It's Beijing. Talks of lockdown

 

[trading_jean]

To me it looks like Powell too, Beijing was known earlier so why the sudden drop now?

 

[Hooti]

To me it looks like Powell too, Beijing was known earlier so why the sudden drop now?

soup de jour -- take your pick

 

[syswizard]

To me it looks like Powell too, Beijing was known earlier so why the sudden drop now?

Breaking news from Bloomberg......Florida and Texas Covid-19 infection cases rise.

 

[vanzandt]

To me it looks like Powell too, Beijing was known earlier so why the sudden drop now?

Profit taking by those that bought the dip. We'll get a bounce here in a bit.

Edit........That 3070 should be noted. That was a big inflection near term here.

 

[trading_jean]

You mean you expect more red Vanzandt? We got rejected quit strong around that level though.
I did not expect this at all after such a strong move up.

I am clueless and on the sidelines now. Best guess is we are back in that 3080-3110 range.