ES Journal - 2019/2020

longed xlk here. looking bullish.

 

Significant move to the upside has commenced.

 

on a tuesday, not any tuesday but a tuesday that opened and promptly sold off the low

 

I'm not doing sophisticated analysis here, just common sense. What is amazing all these great traders analysis here don't past muster, can't even get past common sense trading??

 

sp500 formed a triangle ascending in the last 7 days. the bullish trend is intact.

 

shaking my head in disbelief

 

yes. --no obvious reason to be short.

 

probably somewhere b/e 34 and 32, if not lower

 

Someone mentioned FOMC earlier today. I don't watch news or reports with regard to trading so it doesn't matter to me, but I would say that the Fed has showed it's hand already and there would be no surprise. Everyone knows what they are going to do or not do at this point. Trend is up so I continue long.

 

This will sink, and will sink lower till they find enough buyers.

Which ain't here.