ES Journal - 2016

we certainly did, but prior to that there was a 25% bounce near -50%.

 

As I look at the charts from that time, I see signals of the kind we have spoken of in the past (BB, RSI. MACD) that suggest buying in the area that you indicate. I would rather rely on that than an arbitrary 50%

 

I am hitting the sack, chat tomorrow

 

s 46.5 stop 50.5

 

L15665 reverse stop based on histo

 

stopped -4

 

l 33.75
stop 29.75

 

is this the day we finally go up??

just drew a fib showing 1920 = 38.2%. which coincidentally corresponds to last thurs HOD.

 

stopped -4

 

Wed we tried a run at Tu 1/12 HOD, it failed we broke to new lows.

Another rally Thur 1/14 was semi-successful, but hopeful.

Huge gap down friday

Monday uneventful holiday(was wishing the algos would take advantage of the low volume push higher but even they lacked balls)

Tues, gap up and then...selloff all day with huge selloff into close (was that last 15 min candle and "exhaustion candle"? only time will tell)

And, here we are today...selling off right from the open