ES Journal - 2019/2020

[Laissez Faire]

Yeah. We may very well see a decent up swing this week, but in the medium term it would be hard to envision a strong one-way rally with everything that's currently going on in the US and the rest of the world.

Trading range maybe.

 

[formikatrading]

I try not to think about what's going on in the world and just trade the chart in front of me and maintain maximum flexibility.

Yeah. We may very well see a decent up swing this week, but in the medium term it would be hard to envision a strong one-way rally with everything that's currently going on in the US and the rest of the world.

Trading range maybe.

 

[Laissez Faire]

Agreed. Since I don't trade long-term, yet, it's just a hobby of mine at this point. Price is the final judge anyhow.

 

[Gaslight Capital]

Breaking: Stocks rally as Americans wake to the realization that paying taxes is unnecessary, as even absolute morons do not pay taxes.

 

[Laissez Faire]

Targeting 3310 on this leg down.

If no support there => 3290 in play.

 

[Laissez Faire]

Scratch that on a move above 35.

Very low odds of a negative Close today, IMO. But anticipating that 3310 zone for a pullback to switch to long. Might not get it...

 

[Laissez Faire]

Did not...

Seems like a ride towards 3377 is what's in store for today. Might be a tad too much on a single day, but these are volatile times.

 

[syswizard]

This just in from Bloomberg: Hedge Funds heavily net short Nasdaq 100...highest since 2006 and 6 standard deviations from average net position. However, they are net long in the S&P 500 index.

 

[vanzandt]

This just in from Bloomberg: Hedge Funds heavily net short Nasdaq 100...highest since 2006 and 6 standard deviations from average net position. However, they are net long in the S&P 500 index.

Up goes tech....

 

[syswizard]

Up goes tech....

Yeah, but it's (NQ) not as strong today as ES....and nowhere close to RTY as small caps are on fire.