ES Journal - 2017/2018

Looking good here.
Continuing Long

 

Looks good to stay long here at the 2682 level. Full position still on as usual.

 

I looked up last year's end of year movement. The ES went down 15 points but in the next year made it back pretty much on the first day. FWIW

 

Does you research show that that is typical for Santa Claus rallies. ---A lot of folks don't realize that the Santa Claus rally happens after Christmas not before.

 

Including me. I have just learnt that this morning from CNBC. But anyway I only looked up last year only. Year's end profit taking kind of explains it.

Edit: 2 years ago it was zig-zagging heavily between 2044-2081.

 

Nice bounce into the close today. I will be keeping my position the same for the foreseeable future.

 

Primed here for a nice runup today.

 

Day trade Long 2688.00 initial stop 2683.25

 

Should be a little intraday resistance at 2691 -2692 and then a move on 2700 should occur. I am entering a limit sell order on the day trade @2699.75.

 

What’s your planned stop on this one if it comes in.