ES Journal - 2017/2018

Nice trade, and good on you for holding on. 33 points is what, 1600 bux per contract or so? Awesome. Yummy.

 

Per contract , yes.

 

I expect buying to come in somewhere between 2800 and 2807. We are @ 2807.25 now.

 

It certainly did.

 

The S&P was @ 1576 at it's high prior to the 2007-2009 meltdown. It is now @ 2837 so it has not yet even doubled. An argument could be made that the market has a long way to go before it reaches maturity, and indeed is in it's infancy, in this cycle

 

Should be a good buying opportunity on this slight pullback here. We're at 2834 now

 

The farthest it should pull back to is the 2823 area.

 

Good call. Also it was exactly at 10 am, the usual low for the day

Longer term the market seems to be exhausted, we have a weak doubletop in place.

 

what time frame?

 

It seems to me that the double on hourly was yesterday if that's what you are referring to. MACD didnt agree with today's hourly being a triple top on hourly.