ES Journal - 2019/2020

[Gaslight Capital]

----The board quiets----

 

[Laissez Faire]

But we should at the very least exceed last week's RTH Low in RTH this week.

Done.

Not much of a retrace higher either, so this week was basically a consolidation after last week's huge reversal.

If Monday is strong it's possible next week will be a decent up week. But in absence of that - I think we'll slide lower next week and even pick up momentum lower. 3250 or more.

 

[vanzandt]

That explains why I woke up with 21 women in my bed this morning after wearing my elitetrader.com tee shirt to the bar last night.

'Barn-burner' huh? Good man.

----The board quiets----

You bought that bungee chord yet btw?

 

[nillionaire]

Done.

Not much of a retrace higher either, so this week was basically a consolidation after last week's huge reversal.

If Monday is strong it's possible next week will be a decent up week. But in absence of that - I think we'll slide lower next week and even pick up momentum lower. 3250 or more.

Wednesday's FOMC meeting will be a big factor.

 

[Relentless]

Wednesday's FOMC meeting will be a big factor.

Dunno. Apart from some intraday volatility they've basically been a non-event lately.

 

[syswizard]

Dunno. Apart from some intraday volatility they've basically been a non-event lately.

Agreed. We're likely to hear the SOS.....interest rates near zero, inflation can go to the moon, etc.
Only thing of interest would be a comment on the need for more stimulus....extended unemployment benfits, more PPP, etc., etc.

 

[Gaslight Capital]

The Robinhood tech traders just won't give up....they're buying stock, they're buying calls...none of them are selling.

https://thestonkmarket.com/robinhoo...-than-value-investors-scientific-study-finds/

 

[Gaslight Capital]

This could be what finally takes the market down. I'm beside myself.

https://www.cnn.com/2020/09/13/business/no-peeps-this-year-production-pause-trnd/index.html

 

[Gaslight Capital]

You bought that bungee chord yet btw?

The market is my bungee cord.

 

[Laissez Faire]

Short 66. Stop @ 80.

Targeting 30 or more. Will re-evaluate if not stopped.

It's quite possible that Monday will be a barn burner and put in the Week Low for a decent Up Week. But the R/R for a short looks good from here regardless.