ES Journal - 2017/2018

For journal integrity purposes, I am counting this as a 6 pt loss as I had to step away quickly after my cover ast 2564.00 and was not able to post.

 

The idea would be that this 2570 that was serving as resistance would now become a new support level for a spring higher. Market seems to be suggesting so, but it's not confirmed yet.

 

Looks like obvious spike resistance area would be into 2586.50-87.50.

 

Pek's indecision dojis for the last 3 hrs.

 

I like this initial pullback. Let's drop it down a bit and gather it up!

 

Buy the low

Sell the high

Walk away at the top

 

What was the FED decision by the way?

 

Been a long time since I've seen this type of post-FOMC reaction.

 

Yep, been pretty tame last couple of years.

 

0.25% hike but the more important is that 2 more next year. Not dovish enough...

The pattern is a giant funnel for today (indecision), let's see which way it would break out.