ES Journal - 2017/2018

Here Iam, rock you like a Hurricane

 

To clarify, I don't mean a flash crash scenario here. Something where a repeated daily scenario occurs within like a 5 - 10 trading day span that sees automated/program selling without any structured bid support from other automated/programmed systems to support the FAANG stocks.

 

Looking weak over night. I. Thinking next stop 2680.

 

With the buyback window closed for faang’s I expect a trade much like March’s over the next month. Highs are in and gunning for February lows. Qt is ramping up as well. Welcome back vol!

 

Interesting price action before market open. Looks like they defended the the 2700 Low.

 

Scenarios in play:

A) Short above 2740. 2700 doesn't hold. We go to 2630s.
B) We pull back here at 2740. Hold above 2700. Trade to 2775
C) We go straight to 2775.

 

I am sitting flat waiting to see what happens. Here, ready to deploy a line into Nasdaq and S&P if we can stay above 2740.

 

A probability of a pullback here.

 

not looking good in my opinion. Not getting involved.

 

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