ES Journal - 2019/2020

Bear market continues here. I generally see things much earlier than most.

 

lol I'll say, B1! You called the bear market five months 200 to 300 points ago ... better to be fashionably late, perhaps?

Why is it you always see overnight rallies as selling opportunities but you never see overnight declines as buying opportunities? I'm starting to suspect you are a "glass is half empty" kind of guy, B1. Smile! Be an optimist!

USA! USA! USA!​

 

Huh?

 

It appears the previous weekly highs are resistance now. Is the Fed liquid enough?(!)

 

No cash gap today and that is a very good thing. We need to extend below yesterday's cash low to give some fuel to this condition.

 

Yep----it was today rather than yesterday, but there it is folks. BBBB

 

Nice trading overnight...not so much since open so far

 

Sell the rally day, but with ES nearly 2% down. Not sure how much it will go down.

 

ES is toying with my threshold indicator for a sell signal. Whatever. Confucious says, “A position of positive gamma with positive theta leads to trading happiness”. Ok, maybe it wasn’t Confucious. Maybe its not even an exact quote by a famous options trader. But I like it!