ES Journal - 2016

The 240mn is not showing much conviction, still need more of a catalyst to get the B-bands to flare out to extend up with conviction. Maybe the overseas markets will take the lead tonight? if not, we go back to the waiting game and maybe the Oil will take the ES up with it?

 

Last week's high needs its stops hunted still

 

Continuing with the short trade I have on here.

 

Japan is down huge in less than 24hrs, Yen is rallying again, silver ready to burst out like a coiled spring, Naz now actually forming a third lower top on weekly frame. Explosive stuff.

 

Will watch this one carefully. We are at a crtitical juncture for more downside .
Will remain short

 

Reversed long here at 2087.50 for a .5 pt loss
Initial stop 2056.00

 

S 2090 SL 2096

 

what happened to more downside?!

 

7 trading days now between roughly 2071-2094. Hard to stay short when it always spikes back higher.