ES Journal - 2016

ur stop was 2210, it went up to 2209.5,

Thats only 2 strikes (0.5).

 

It touched there prior to my second trade where I set the stop at 2210. It only touched 2208.75 after I entered second trade. So I'll correct my earlier posting to say within 1.25 pts.

 

K, my apologies. Good trade BTW.

 

Swing bias is definitely down here but it's quite oversold on short term charts. Will look to trade a bounce for 6 to 12 points to the upside and then sell into the rally

 

Thanks

 

Seems toppy in here?

 

There's a 52.78 percent chance that the top occurred on the close Fri 11/25

 

That spike on Fri at the close may have been the last short sellers covering in a flurry which would mean that there are no more buyers right now.

 

--and perhaps the last retail buyers finally jumping on board Fri --afraid they were missing out.--Ishmael

 

Day trade short 2206.75 Initial stop 2209.00