ES Journal - 2019/2020
- Thread starter Buy1Sell2
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I’m thinking narrow trading range until at least the European session. Why wouldn’t we test Friday’s high?
That was like like 3225 right? 28 will work, its above those highs.
As to why it'll head south by the bell.... world-wide Covid deaths over the weekend. CA closed down. TX is a wreck. The list goes on and on. Even the squeeze players with deep pockets fighting among themselves (retail is along for the ride) keep chopping the top lower.
Ahhh, we'll see.
Why would we test Friday's high?
Do you need to see the same level get rejected for a 6th time?
Hey now, you're forgetting the South Florida train wreck. We are getting in worse and worse shape each day. But, these COVID case increases haven't stopped the market before. Why should it now ?
Friday's high aside (ancient history)... I suspect shorts are piling on. We can give it a 10-12 point up range from here, but like I said, if that doesn't manifest, its gonna be red af tomorrow because even the overnight (globex) 'puters are afraid of getting burned.
Lets just wait and see.
Because the clock keeps ticking. But you're right, now might not be the time.
Just depends on what the elephants did last week. Buy 1 sell 2.
Well, shorting near a wall of sellers does make for a low risk, high potential trade. I would have thought if there were major concerns of weekend developments, we would be down already.
Ok, I put an order to sell 1 MNQ at 10642 stop. If hit, my stop loss will become active after a 3 minute delay beyond Friday’s highs.
Edit: Neither stop order was filled. Used limit order to short 1 MNQ @ 10641. Will add on if we penetrate session lows and get a bounce.
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