ES Journal - 2016

1832 is H&S target

1852 in play on hold of 1830

 

A short is a longer term bet, this comment is based on tonight's action.

 

if 1820s hold there's potential for a cup and handle on the 4h

if not, 1800 > 1780

 

market was trolling longs it appears...gotta love how it breaks hardest and cleanest outside of RTH.

 

The FED better intervene, otherwise China Sunday night will be ugly. This may be what they want. Since Russia and China have been subverting western interests.

Financial warfare, facilitate financial time bombs for the past few years and than set them off.

 

Looks like pulsed buying.. Every few minutes buy orders flood market

 

Observing behavior of previous crashes, when sentiment is extremely negative, price goes back up to test 200 day MA before resuming trend down. Where is the 200 day MA at.

 

Certainly potential reward favours upside, but if panic sets in, then as we know floor can easily collapse.

 

The FED needs to stop intervening and let markets seek correct level.

 

4 very RED 15 candles with long RED wicks. we're on the fifth now.

i'm long here with idea we retrace this one. we're about half way thru it.

as always, i'm keeping it tight