ES Journal - 2016

The mantra of "inflate or die" was oft repeated on here over the past 10 years. But realistically it will be changed to inflate AND die, as Venezuela is the epitome of central planning run amok and the inevitable outcome of this diseased philosophy.

 

Interesting 15 point spike for the ES, dunno what caused it.

Might have to invest in a Bloomberg terminal.

 

4 hour is positive now

 

But daily remains negative.

 

Looking to sell an overbought situation on the 4 hr.

 

Looking to buy an oversold situation on the 5 and 15.

 

no reason to be short intraday just yet.

 

I'm waiting for this current market to slow up so there are some more opportunities to short.

 

Yes, no point in not waiting for the W pattern to develop on the 240. 59-61 area

 

what is the 1 bar bearish histo? and why put faith in it if seemingly not working? (i am actually curious, not criticizing)