ES Journal - 2017/2018

Stop lowered to 2461.00

 

stopped -6

 

Everyday some offshoot of same pattern. Herd everyone to a particular spot, calculate the imbalance of longs vs shorts and then blow it out max pain direction.

 

How about sell all rallies until we see some green?

 

Sounds great, but you've got to figure out how deep those rallies will cut.

 

Fora a day trader, plenty of opportunities in both directions.

 

It would seem 2400 is in play now. I would imagine that with the weekend and holiday , folks would not want hold long. On the other hand, if a big rally comes in the next hour or so, that would be pretty bullish.

 

Stop lowered to 2458.00

 

Market now becoming more active as participants are getting ready for the close. The weekly close is the most important time of all.

 

Outside of a few consolidation zones, PA has been very clean.