ES Journal - 2016

Looking to enter short again soon.

 

I think that was the double top...



It's shorting time again. Most likely form a double top then the plunge.

#1775 Jul 12, 2016

 

I'll check charts at 1 or 2 PM and see where we are. May bypass short today--we'll see

 

Jessie Livermore is back from Vacation .

 

I was in Vienna at the start of the month.Not a bad place but a ghost town on sundays.Did you try the segway?I took some pictures of the tower that has the 'mural' of kids flying kites on it but they don't capture the marvellous effect.They must have 'wrapped' it with pre-printed vinyl?One of the most amazing sights I've ever seen: As though it was painted on the sky.

 

Short 2159.75 Initial stop. 2185.25. 4 times margin.

 

Long 2156.25. Stop 2156.50. Target 2187.75.

 

We have been stuck in this 2159-2175 SPX range for 8 days, whichever way we leave it, that should be the direction for a while....

 

Agree, but how we define "leaving it" is key.

 

Kind of strange for ECB to release bank stress test results right at NYSE close Friday