ES Journal - 2019/2020

[Buy1Sell2]

For example, look at the day early in the sequence and see what happened afterwards
View attachment 238618

And here is it early in the sequence on the weekly. Looks like healthy pullback to me. There is no reason obvious to me to be short. ---We'll see if I'm wrong.

 

[Buy1Sell2]

Short term intraday bottom in just now in my opinion. I wouldn't be surprised to see a big rally into the closing.

 

[syswizard]

Dip 'n Rip as been replaced by Pop 'n Drop.

 

[tiddlywinks]

With 25 mins to go, today is highest daily volume since... mid June!!

 

[syswizard]

Wow, the Dip 'n Rippers showed up late.....impressive late day rally.
NQ up 130 pts in 10 minutes.

 

[amsterdam]

Wow, the Dip 'n Rippers showed up late.....impressive late day rally.
NQ up 130 pts in 10 minutes.

Meaningless. Had we turned around early afternoon this would’ve maybe changed things around.

 

[candles]

crashed to levels not seen since last Wednesday!

 

[Laissez Faire]

For example, look at the day early in the sequence and see what happened afterwards.

And here is it early in the sequence on the weekly. Looks like healthy pullback to me. There is no reason obvious to me to be short.

You may be comparing apples and oranges as a single price bar in isolation is essentially meaningless.

4 % over the course of a week is a different matter than 4 % in a single day.

Besides - didn't you label the crash in March a healthy correction, too?

 

[Builder17]

And here is it early in the sequence on the weekly. Looks like healthy pullback to me. There is no reason obvious to me to be short. ---We'll see if I'm wrong.
View attachment 238619

It seemed like the use of those charts was a primary factor for you in believing the bull market was not dead (during march sell off). And obviously the last 5 months proved this idea / your methodology correct. So why not sell yesterday? Could you elaborate on where 4200 target comes from?

 

[Gaslight Capital]