ES Journal - 2017/2018

No obvious choice other than to stay long--

 

Learn to embrace pullback. You need it to find places to get long.

 

IBD charts are still using 50 day simple moving average, uptrending[lagging LOL, yes]; one of my favorites is 50 day exponential moving average on SPY, is as of today's close=$233.74, lagging also.Its a good measure .TGT stock is still way below 50 dma, 200 dma , a bear market, for many months.NOT a prediction.

 

Thinking Crude Oil be coming down?

 

Possible, but short term trend is up.

 

Why always the disclaimer?

 

2440 - 2500 target. Maybe still opportunity to get long under 2338.

 

How far under 2338?

 

The low from 3/27 - 2317. Not sure if it will get under a 3rd time.

 

Lets see if we can move this well above the 57 mark today. Yesterday we only made it to 61 area. Let's at least move it above there.