ES Journal - 2019/2020

a little weakness here is all will take for this house cards to fall.

 

out +2

 

Up-trend continuation again for now.

 

If this drops under 2730 again, this may create a problem for the bulls (in short term)

 

2710-2700 might happen. Bulls are feeling the weakness here. Will they take a stand, or take profit?

 

All way back higher...they took the 'stand your ground' option.

But, they are weakened.

 

Intraday triangle

 

Don't disregard the horizontal lines...2725.00 - 2736.00...instability in sentiment...there is no stance yet, and remember a short term leg is negligible

 

Yesterday's POC and Today's POC are almost on top of each other which doesn't happen that often. Basically occurs on some inside days. Two days accumulation/distribution in a constricted price area. Should get some nice range extension later today, tomorrow or Friday. The longer price remains constricted the better the move.

 

Intra-day/short floor now fully established at 2722. Long is not wrong---uptrend continuing nearly unabated.