ES Journal - 2017/2018

No obvious sell signal yet, but we have to clear this 2367 area from Fri to have longer term legs.

 

Looks like its going to the moon. time will tell

 

Goodness Gracious Sakes Alive---Looks like we got ourselves a convoy!

 

Looks like we may be getting too far here too quickly on a day trade basis. I could see sideways and pullback before more movement.

 

Still no sellers in sight though. From a 1 min perspective we might have another leg to go. If it fails here, it might be trapping enough people to get a few short trades in.

 

Yes--just because overdone, doesn't mean it can't get further overdone. On the daily chart it's not overdone at all.

 

Now comes the pullback. I will be looking to buy it once it's mature.

 

NQ still on quite the tear

 

Since my current long is not on the 1 or 5 min chart, I sit through pullbacks. ---From a day trade perspective though I would be looking to buy on proper pullback of 1 and 5 min chart.

 

Classic pullback here. It had to happen. Traders get bored with a run up and stall and so they sell. It can all be seen in in the charts. At this point, this is unlikely to be downside reversal of the current uprend. Pricing is 2362.75 as I write.