ES Journal - 2016

This could be the last push that forms temporary bottom.

 

Now THAT was a close!

 

Look at weekly Russell Izzy, massive H&S.

 

I sense EUR is poised for a dead cat bounce, just spotted a 1 bar histo on it's weekly chart.

 

update

 

daily

 

-- Bouncing back inside the bottom Bollinger Band is normal activity and is to be expected.

 

Certainly is

 

--Position trade. Short here Dec contract at 1994.50. Initial stop is 2235.00
--Out at 2052.00 for a loss of 57.50 pts.
--Rolled into March contract Short 2044.75 Same stop 2235.00
--07/07/16 Staying short here with price at 1964.75 Stop remains the same.Position trades are 2 to 1 margin.
--Price 1885.50. Staying with this long term trade. Not prepared yet to drop the stop.