ES Journal - 2019/2020

83.5

 

Banjo, by the time it's typed it can move 5-10 points

 

Problem is Nasdaq IMO. No panic there yet.

The 2000 analog had that first panic leg at -36% if I remember correctly. That's still 700 points away.

 

15 min IVB failed ... looking at 50

 

I know but I'll still be able to tell. The tick charts will show where it was.

 

Heavy heavy

 

Normally a weekly upsloping MA provides good support on panic lows, but as evidenced by the 2000 bust, it's not infallible. (Obviously it worked well in Dec 2018).

6576 on NDX is 200 weekly

 

TX. speedo

 

Yeah, that was a panic correction but not a bear.

 

Complete meltdown here.

2nd - 10 % day in ONE week. Absolutely nuts.

The 2nd circuit breaker does not seem that far away at this rate.

Current low is 2265,75, @Banjo.