ES Journal - 2019/2020

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Mkts are not a walk in the park during Santa.
Faint whiff of negativity ahead.
Dog-nose.jpg
 
Mkts are not a walk in the park during Santa.
Faint whiff of negativity ahead.
View attachment 247555

By my estimation, we are in a potential reversal area. Trigger area 3715 to 3725, depending on how aggressive I want to be. Another idea would be to scale in as each level is breached and or fade rallies. Tight stops should be sufficient. More specifics as far as timing on a bigger stimulus payment would be my biggest short term concern.
 
Adjusted to 18.75.

No rally today it seems. Just a slow grind higher as is to be expected on holidays.

Liquidated the entire position at 29,75 for a total gain of 109,75 / 5 contracts = 22 points per contract.

I was planning to hold the position with my stop @ 23 in anticipation of a 3650 touch, but apparently my broker did not accept the cash in my main account as margin for those contracts and I was maxed out on my beer money account.

This was probably my last trade for 2020.

upload_2020-12-28_23-33-31.png
 
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