ES Journal - 2016

And todays pattern folks is a swing trade for 11 points from the +5 level.

Just like clockwork.

 

Stop raised to 2241.00

 

Thanks. I've always liked seeing how you do things. You and 4re were always who I followed on here to see what you were up to. Always appreciate your input and responses. All the best . Jim

 

Appreesh

 

Lookee there---

 

Staying long here. Stop remains the same.

 

It should spill over 20k on Dow since some will look to short at that round number, their stops will be blown on the shorts, it should be a trend day up till the close. Exit longs on the close since Electoral College issue and first week of Jan they have to certify Electoral College votes, only bad news really till Jan 19th.

Lots of political turmoil mess, should cap gains till Trump is truely official. There is a small chance that the FED does nothing since rates have gone up globally and they are starting to effect housing. Lumber prices show downdrafts coming. Look also for tweets from Trump regarding FOMC decision.

 

Should be an interesting session with ol Yellen at the helm.

Good luck today traders.

 

If yellen/FOMC is at war with new administration they may raise a full point.

 

Or, just look at charts like I do.