ES Journal - 2019/2020

Anyone notice how the low was the lowest weekly SPX open of this entire move up from Dec 2018 lows?

 

Financials rallying huge off the lows. One bank stock I looked at is up over 13 percent off the low

 

The first step here is to get past the level of the low of the initial halt today and and then have it hold as a short term floor. Then, move above the low of the overnight session and have it hold as a short term floor.This will give us an opportunity to go green today or tomorrow and get back above the cash gap fill that we made on Fri. I have every expectation that we will get there. I believe that the market has already priced in "worst case" news and the market is healthy.

 

Ok---we're above the halt level now. Let's see if we can work a floor and not a ceiling.

 

Also - a round number and 30 % down. Important level.

Will it hold?

 

So far, it's a ceiling. The day is young however.

 

Making a run for 2600, I think.

But like @Buy1Sell2 says - the day is still young.

 

2800 will be next short. Look for bottom after that.

 

Haven't been able to take all my signals but been able to take enough of them.

 

PA is very clean and the congestion zones resolve quickly.