ES Journal - 2017/2018

Out at 2599.

 

Big move coming in the next couple of hours.

 

Is this a typo or something?

 

No. That is what I am looking for.

 

My stop in effect during RTH is a large on on this trade 2250.00---A stop this large can only be a mental stop whether RTH or afterhours. I would never allow the market to take me automatically on this sized stop. This is a place for reevaluation and manual exit if need be.

 

You care to revisit this statement? We are only 35 points away from 2530, the Sunday night low.

Technically, yesterday's break down level of 2620 SPX held the line, the former support became resistance.

 

This quick drop is exactly what was needed for my position. Long is not wrong now.

 

Long at 84, stop at 74.

 

Day trade Long 2588.00 Initial stop 2524.00

 

As long as the 200-ma on the daily holds we are just building a platform for higher prices.