ES Journal - 2017/2018

Discussion in 'Journals' started by Buy1Sell2, Dec 23, 2016.

  1. _eug_

    _eug_

    Looks like a rising wedge is developing on the hourly. We reacted to the bottom and top trend lines now... Lets see which way it breaks out. So far happy to be flat.
     
    #5941     Jul 19, 2018
  2. mtnrnr

    mtnrnr

    +5 on 2nd half. Price is reacting to the flip point at 2807.
     
    #5942     Jul 19, 2018
  3. manonfire

    manonfire

    Friday's close will be crucial. Overcoming the impulse of Wednesday's rally and closing at weekly lows would strengthen the bear case here, anything higher then today's close doesn't help. Stop is at break even, 2817, a trade much higher and the break out could move quickly to Jan highs.
     
    #5943     Jul 19, 2018
  4. manonfire

    manonfire

    Of course there is no office of ppt. But I guarantee you the Office of Terrorism and Financial Intelligence is actively monitoring and advising on the reaction to China news and reporting to the President's Working Group on Financial Markets. If it is deemed necessary to maintain investor confidence the President's Working Group can deploy whatever measures they see fit.

    Call it what you will, it's a defacto force to prop markets, even less then 5% off all time highs.
     
    #5944     Jul 19, 2018
  5. _eug_

    _eug_

    I believe a visit to 2740 is possible and will be a good place to get long again.
     
    #5945     Jul 20, 2018
  6. mtnrnr

    mtnrnr

    Long 2803.25 at uptrendline @ 6:53 pdt.. +2.5 on half.
    +3 on last half at reaction to strong R @ 2807.50
     
    #5946     Jul 20, 2018
  7. speedo

    speedo

    Creep mode special
     
    #5947     Jul 20, 2018
  8. manonfire

    manonfire

    2790 is looking like a magnet.
     
    #5948     Jul 20, 2018
  9. They

    They

    ES broke March highs but didn't get any legs. Weekly chart formed a nice doji. Next week should be interesting - back to 2740 or begin the climb to the all time high.

    ES Weekly.PNG
     
    #5949     Jul 20, 2018
  10. Buy1Sell2

    Buy1Sell2

    No obvious reason to be short here. Floor being constructed at 2800
     
    #5950     Jul 23, 2018