ES Journal - 2019/2020

Should be a quick V bottom on this opening pullback

 

and that's where Blackberry steps in-----

 

Sound logic. Had you followed it and shorted you'd have recouped almost 80% of your losses...you know, if you didn't use stops or have a broker concerned with your margin.

The news wasn't AAPL or iPhone sales. This flipped the trade war narrative (Chinese demand directly affecting US stock market...something tangible they can put to as battles won). And the story on AAPL was not China hit saturation point for AAPL as something hit saturation point somewhere. This is a first incident, not an isolated incident.

 

Or not-----should stop out shortly.

 

Well, I'm certainly seeing this as the bottom of the 2475-2525 range. Once we break that, we break the S/R of the Feb lows...And there's just nothing below that to stop us.

 

Loss of 37.25 pts.

 

I do still believe the move will be up. I'll get long again shortly.

 

Long 2461.50 Initial stop 2438.00

 

That last two mins looked like a test and fail at 2475. If it holds, we should have broken the channel for now.

 

2438 would be a good place to get into a long, not out of one.