ES Journal - 2019/2020

We will encounter our next headwind around 3090. Staying long here as parabolic upmove is now imminent.

 

SS 3020
stop at 3045

 

I'm thinking this pullback should stop around 2990/2980 and that we'll make another push with a new HOD into the closing hour/minutes.

EDIT: May not even get that deep a pullback.

 

We hear about the last 6 days being the fastest correction in history----Nope----Market was down 23 percent in two days time in 1929. --and market was down22.8 percent on one day in 1987. So basically, we have a lot of misinformed folks

 

I calculate 3190 next magnet..

 

I did make the comparison with 1987 this weekend. 1929 seems a bit long back to go...

 

As it kicked off the Great Depression, it's kind of an important date.

 

half off here at 2990 for +30

stop at BE on other half

 

Yeah, but the grate depression was started by trade wars & tariffs






That's what's going on now


But...



There was no Feb back then to watch our back, so I suppose we're all good now




There WAS a Fed since 1913!

Oh, you mean it can happen again?

 

For sure.

Still, I imagine the world must have changed some in the last 100 years.

But I'm certainly not the fundamentals/economics guy yet.