ES Journal - 2017/2018

Once again we need to see a move above 2723 and then a bit of momentum for legs today.

 

Anticipating sideways chop.. until we drop... significantly!

Finally a bearish formation on larger time frames....

 

Was wondering what a diamond pattern was?

 

The diamond top occurs mostly at the top of considerable uptrends. It effectively signals impending shortfalls and retracements with relative accuracy and ease.

 

While I could see pullback from this bull flag on daily, I still believe us to be in an uptrend and so I will keep my swing long for now.

 

The game is afoot!! Here comes the attempt at 2723!

 

I wouldn`t be surprised to see a quick rip up to 2750 to run stops on weak shorts... before it`s all said & done... only to be met by heavy selling.

 

Now that 2723 has been breached, we need to see a support level created there for legs.

 

Yesterday----turned out to be a decent move to be out after all.

 

Pricing currently 2724.75. Holding this long for now.