ES Journal - 2017/2018

Might get back to yesterday's close then oscillate till fed minutes. Post fed action from 3/21 is what catalyzed price to the current lower range. Not taking any position into that release today. Setting up for a nice upside breakout, it could happen post fed minutes or even another probe lower to 2570-2610.

 

Today's cash high is inside yesterday's cash activity. So, even though we have opened quite a bit lower than we closed yesterday, there is no gap created on daily cash chart.

 

Fed minutes release may be the catalyst. Get everyone short and then squeeze. I am buying if it does.

 

If not then looking at that cash gap close of 2709 to start building short position.

 

IMO we going down soon

 

Financials are staging a reversal, back to the close.

 

Market remains in long mode here. I am staying long and I believe a good intraday buy signal just occurred.

 

Financials just produced a very good intraday buy signal.

 

Good for 7 points so far. If using leverage that's a pretty good profit.

 

A play I think might be in play, when we have built up to the wedge at 2700 we will break the feb lows.