ES Journal - 2016

S2051 sl2071

 

1 BAR HISTO ALERT IN SPX DAILY! DIVE DIVE DIVE

 

Did you cover or stayed short?

 

Trend remains long here no?

 

For me long.

 

Short

Nothing ventured, nothing gained

Signal is bearish, I stay short.

 

Yes, but with a hint of counter trend signals.

 

options were invented for a market like this one...

 

From the chatroom

1. Buy1Sell2: It is certainly possible that the rally has exhausted itself here based upon simple trendline analysis on the 60 min.
2. 
   Buy1Sell2: No downward momentum yet though.
3. 
   Buy1Sell2: we're at 2054

 

Seems only US is buying it today, most world futures are down.