ES Journal - 2017/2018

A little early, still holding. Seasonal month end trade I have been studying and back testing. Sell off last Friday, three days before month end was the first trigger. Article behind the idea.

https://www.google.com/amp/s/www.ws...tock-market-with-month-end-trading-1428375831

 

Was too early on my long yesterday... ohh well. I had a 2 hour flight and missed the entry again.

I still believe that we will see a sell off down to 2740 before we head to new highs. I may position short tomorrow. We will see how it reacts to the distribution from July 25- 27.

 

Alright shorted one here for a trial. Lets see if what happens. I shorted 2829.

 

Common S&P follow the way of the NQ

 

Big contrast to last Friday....this is garbage so far.

 

Pretty much as expected. Fairly sure we will stay above 2830 for the remainder of this session. Should be limited (if any) upside also.

 

Bailed out on the close, obviously wrong here. Was a loss of 12 points.

 

Once again now, just 21 pts from the all time high. I remain long here absent any evidence to be otherwise short.

 

I continue to believe this.