They were up .43 % at end of day. They stayed strong today while SP did not.
ES Journal - 2019/2020
- Thread starter Buy1Sell2
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Either way... is that your Fender Amp in your new avatar?
Tubes or SS?
Tubes
I'm just living in and enjoying this beautiful moment in time.
What was the news event that coincided with the sell off?
Definitely not a realization of current economic / geopolitical conditions.
Those are pristine.
I've been saying based on a 24hr daily ES chart, 3220.5 would hold. As of today, that was negated and is wrong. As I mentioned in convo with Spooz in a previous post regarding channels, channels require 3 points, and point 3 can not exceed point 1 without reversing the direction of the channel. Which means point 1 can not possibly be correct point 1. I was using the high of June 9 as Point 1 of down sloping channel.
That being the case, here is an updated 24hr daily ES chart. I use the daily for larger context, NOT FOR TRADING. The negation caused several other channels to be seen. Also in the convo with Spooz, willy nilly adjustments some people make with channels was mentioned. This is NOT the case. Willy nilly IMO would be the visually obvious (but wrong) point 1 at the low of 3/23/20, and point 3 at the low of 6/29/20. It is wrong based on volume, which I have not shown here. In my work, there are specific volume tenets that co-exist with (correct) channel creation.
Of note on the daily, the current upslope channel of the last 10 days remains fully intact for now. Also, increased/ing volume on down days with decreased/ing volume on up days remains true.
Also attached is my rth 5 minute trading chart. It has a different story to tell. Briefly, the previous (5 min) upslope channel was decisively broken. Of special note are the many naked POCs underneath visible in yellow. Only a handful are shown. Only 1 POC exists above.
Good trading to all.
That being the case, here is an updated 24hr daily ES chart. I use the daily for larger context, NOT FOR TRADING. The negation caused several other channels to be seen. Also in the convo with Spooz, willy nilly adjustments some people make with channels was mentioned. This is NOT the case. Willy nilly IMO would be the visually obvious (but wrong) point 1 at the low of 3/23/20, and point 3 at the low of 6/29/20. It is wrong based on volume, which I have not shown here. In my work, there are specific volume tenets that co-exist with (correct) channel creation.
Of note on the daily, the current upslope channel of the last 10 days remains fully intact for now. Also, increased/ing volume on down days with decreased/ing volume on up days remains true.
Also attached is my rth 5 minute trading chart. It has a different story to tell. Briefly, the previous (5 min) upslope channel was decisively broken. Of special note are the many naked POCs underneath visible in yellow. Only a handful are shown. Only 1 POC exists above.
Good trading to all.
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