ES Journal - 2017/2018

Looking for a trade to yesterday's highs, if we take them out should be a nice squeeze.

 

long 2614, 2599 stop, target new highs

 

That was a big fakeout on that funnel on the 1m.

 

We might get another sideways day, just like a week ago (Tu, We), followed by continuation of the previous trend (down).

 

I have to believe that a short term bottom is in here and will be trading from the long side.

 

This is why "sideways" is fine as long as there is range

 

Are we seeing a run up to the 38.2 at 2660?

 

Risk of nq reversal here off yesterday's highs. That would give a round trip to take out lows.

 

They make this hard, if we break nq high maybe another 90 handles of upside. If reversal unfolded 90 of downside.

 

Flat at 30