ES Journal - 2019/2020

As for today - it's an expected consolidation day after yesterday's historic down day. We're pretty much repeating last Tuesday here.

I would bet on a close above 2430 by 16:00.

 

A While imo..action/reaction, etc.

 

Alright boys, get your seat belts on and hang tight.

 

Anticipating a 150 Handle move to 2650 at minimum.... Right shoulder was the best place to cheat at positioning yourself long off the 15 min IHS .... You could feel the turbo blasters in the hi 70`s warming up!

 

2650 would be without any fib extension - being 3rd wave could add .38 or .5, etc
...and might not breakout again till tonight/tomorrow...didn't like this little 3rd leg being shorter. (1min and tick chart)

 

bottom line - difficult to trade with less than 20 point stop!

 

not if you're doing what I'm doing...but I don't aim for 40 point targets either.

 

Damn nice call VZ... up 20%!... we’re lookin good there bro!

 

I don't know about Fib, but a measured move gives 2620 as the target for the intraday trend. That is, if we can get back up.

 

15 min wedge/ pennant ... looking to bust North!