ES Journal - 2017/2018

On the other hand, if we punch through this level and hold, it will be the point of no return.

 

massive defense of 2660 again

bigger problem is Nasdaq and FAANG's are all breaking down.

 

Nice long signal here. Bottom may be in or close.

 

This along with the signal from Fri should take us to 2720 test again.

 

What would be a sell signal for you in this situation?

 

Right now, I would need to see price drop below 2550 absent an earlier obvious reversal signal.

 

Coming soon to a theater near you

 

This is why I do not like overnight ramp-ups when we are in an uptrend. I much prefer pullbacks overnight. This is just with regard to day trading. --Swing and position trading---it doesn't matter then---just have to be patient, which I am.

 

To some, that overnight rally was a gift. And thus we have the market.

 

Long 2641