ES Journal - 2017/2018

2450 target on short

 

3 day trendline isn't hard to break

 

Short short short to 2450

 

That's quite a lot longer than 3 days.

 

The first attempt at 2530 occurred overnight . I expect some pullback off the opening to occur and then a second attempt made in RTH today. At the moment, the market remains in short term uptrend.

 

Trendline now broken to the upside but I still expect some pullback before next upward move.

 

Mkt closely following summer 2011 and late 2007 analogs. The latter suggests a run to about 2600 SPX first week of 2019. Edit: on a closer look, appears more around 2580 (or backtest from downside of closing lows in first half of 2018).

 

Price action from fed day will be sticky to work through.

 

OK--here comes the pullback off of the opening. Like clockwork.

 

We are Sitting at Fib Con sell zone ... R1 - 2504-08... with confirming indicators.. Swing hi @19 on the over night session... Over night sessions are Ideal for target shooting over runs for superior fills... providing you with cushion.