ES Journal - 2019/2020

Let it go, B1, let it go ...

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LOL

 

So, we could see overnight bounce and dip again tmr.

 

3047 would be a 50% retrace of this latest move and so could be a short

 

As we head back up to 3090, we need to remember that that is the area to get through and have floor constructed completed there. We have several holes in that ceiling now that we may be able to get through on our way to 3215 initially. Our floor at 3020 has held well so far.

 

Not for nothing but your approach is full of holes.

 

If I were to have gotten short agin on that little bounce I'd be looking to exit 3001 and 2989 ... or MOC

 

Appears to me that SPY/SPX are going to straddle that 200d MA. Its already completed a rejection on the downside of the channel line from late 2018 lows thru last Oct lows.

 

Long 3026.75 Initial stop 2950

 

Numerous Blue Chips and Financials are now exhibiting signs of bottoming out.