ES Journal - 2017/2018

All quite on the home front. What’s up?

 

Impressive work by the operators. Bull squeeze that continued a bit after the close, then the herd piles in again to drive it higher.

 

All Indicies & PA are looking/ feeling Heavy Heavy coming into today... Anticipating a straight break of that lower Apex support line.

 

Looking for a bounce to sell into at 2645-46, and if bounce extends higher, I'll look to sell 2660 +/-

EDIT looking 2643/44 now to sell if T&S supports. Otherwise aiming for 2660 +/-

 

Really like this opening today. I am looking for a foundation to build and a strong late morning/afternoon to show itself.

 

The low of the day could possibly only fall to the 2625 to 2630 area---no farther.

 

If we break I am expecting at least to test the 2611.25 over the next 3 days.

 

Almost -3:1 on opening breadth. Pros are selling today, not buying. That could change, but for now, it is what it is. Guys like you and I ,b1s2, can't support the market lol

 

I think we get a bounce back to 2670 first.

 

Sure hope so... I was referring on the first test , not necessarily today... May take Fed Speak to be the catalyst.. 70 looks really good right now!