ES Journal - 2019/2020

Probably stop-running. But then, are the HFTs that smart??

 

Heading towards the LOD at 55.

For those who are not in the know, I've created a daily HOD/LOD call log. You're welcome to pitch in...

https://www.elitetrader.com/et/threads/es-daily-hod-lod.337541/#post-4956986

 

Parabolic long in this fresh bull market continuing here while taking a midday break. Long Long Long is the way I intend to stay for the time being.

 

Wonder how many stops got triggered during that micro dip.

 

Not a bear in sight, every micro dip is bought hand over fist.

 

Definitely stop-running....that short spike up lasted 2 seconds...and the move down lasted 10 minutes

 

To me, hard to be bearish when the Fed is buying Treasury debt ($60B/month) into 2020 Q2, plus any signs of a recession will likely be met with further rate cuts/asset purchases.

But also, hard to be bullish when total market cap to GDP hovers around 145%, with GDP projected to slow in 2020 and beyond.

The anemic RTH ranges have allowed me more time to keep up with the greatest financial publication on the interwebs.

 

Shhhhh.
Nobody cares about that.

 

Gap from Friday closed.

Should see a close (4:00) below 73 today, but I'm betting we'll print 3100 by Friday.

EDIT: Current weekly range is 20,00 points. The last time we saw a weekly range of 20,00 points was at the end of 2017. So, something's gotta give, right?

The smallest weekly range so far in 2019 was 28,50 points in April.