ES Journal - 2017/2018

cleared it on the NQ...little ones often lead em up and lead em down.

 

I should say techs as many are not so little anymore

 

Would like to get some more upside action here and give us a better shot to solidify 49.50 as floor. --Would like 49.50 to be in the rearview mirror--only not so close.

 

Thanks for insight.

 

Now, it would be helpful to take out yesterday's high. We're 2 points away on cash. ( Is there enough time to do it today?)

 

Typical activity here. Get past a level briefly and then back off. It's good when it regroups.

 

It takes patience to trade right-----and a stop.

 

Ok. We'll have to wait a bit for yesterdays's high to be taken out. Let's see if it can happen in the overnight or tomorrow. Hopefully tomorrow and not overnight.

 

%%
The old saying never meant much to me,''bull markets climb a wall of worry'' Its simply too vague; but i see their point.50 day moving averagea[ema] is helpful ;SPY has closed above 50 ema ,3rd day.QQQ has been above it most for the year; but QQQ is more of a roller coaster.NOT likely TGT has made the bottom; even if it has briefly , its still a good bear market for TGT.....NOT a prediction.

 

Really didn't want yesterday's high broken in after-hours. Hopefully we'll get a pull back before RTH .