ES Journal - 2019/2020

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At 4200, I will begin looking for an opportunity to sell and perhaps trade on the short side for a bit.
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I hear talk about both 4K and 4.2K.

When? This year?

Off my trading computer now, but didn't we close at 3250 or so in 2019?

So, we're up about 300 points or 9 % so far.

4000 would be + 750 Points / + 23 %.

Seems like a stretch to me given that the world's in a recession. Seems irrational already, but can the S&P really go that high?
 
I hear talk about both 4K and 4.2K.

When? This year?

Off my trading computer now, but didn't we close at 3250 or so in 2019?

So, we're up about 300 points or 9 % so far.

4000 would be + 750 Points / + 23 %.

Seems like a stretch to me given that the world's in a recession. Seems irrational already, but can the S&P really go that high?




Draw the long term SPX upper trendline and you will have your answer
 
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