ES Journal - 2017/2018

We have fallen back to my trusty 2675-2680 line and I am really happy about this. Looking for more strength and foundation here to thrust us further higher.

 

The potential is there with that hold of 2672.75, NQ at 6660 also a ledge type formation, and RTY barely pulled back after a large overnight ramp.

 

IMHO, this is a sell the bounces type of day. This should be one of those days where the market gives a week's or even a month's worth of profits on one patient entry. No need to trail tight, imo - just let the market move to where it wants to move, which is lower.

 

I'll not be updating all day long. Scale out at levels for me starting at 2658 down to 2630. GLTA.

 

It looks quite a bit like 3/16/18 on the hourly chart.

 

Gap was created and we closed it and moved lower throughout the day. Otherwise you are right...

 

Megaphone forming on 60 min SPX with 5th touch this AM.

 

Love these pullbacks! Each time it's tried , the support gets stronger and stronger.

 

The 30mn is traveling below the BB range, Pretty soon we will reline and pull back.