ES Journal - 2017/2018

Could be starting the run towards 2430 here
long 2410

 

Short 2410

 

setting initial profit target at 2425

 

Filled

 

Prior day levels.

 

+16 : Not just a 'cheerleader'

 

I'm already long again, looking for 2425 initially.
We have lots more rallying to go.
If it does pullback here (which is very unlikely) it's just a good bying opportunity. I see us at 2500 medium term

 

Limit 2408 cover

Mod: filled 2408.25

 

It's more about FOMC ability to keep raising rates. They won't be able to unless equities keep punching higher. They are essentially purchasing the ability to raise rates. All is good scenario is being protected.

When are equities not protected, when FOMC reaches its goal of short term rates. Risks are they derail the economy.

 

8/25 Net 3.25 (short)

(only short entries, wedge creation in play upper bounds 2412, lower bound moves up over time.)

Total Net: 6.75 plus commissions