ES Journal - 2017/2018

We are less than a point away from yesterday's cash high. Can we punch through and close above? It would be nice.

 

ok part 1 is done---now let's get part 2

 

Not in the cards today apparently. Not really the kind of closing that we were looking for but cash still looks like it has oomph to it for next week, so I stayed long. --Would have liked ES to punch through that short term but it didn't and it's been rejected thrice in 24 hours.

 

The stop on my long swing from 2339.50 will be raised to 2334.50 on Monday RTH. Reminder--stops overnight are mental only due to lack of liquidity.

 

350K volume dumped around the close..... that is quite a lot of contracts

 

what do you mean by dumped?

 

Was there added OI? I'm assuming some1 dumped their contracts here.

 

I didn't like the action in futures late Fri, but the longer term cash chart indicated to me to stay long.

 

short 59.5 stop 64.5

 

out 48.75