ES Journal - 2019/2020

Thought of you when I saw that retrace

 

Oil testing the lows
NQ breaking out to the upside

 

2630 looks just about right. Outlier target would be 2692,50. Probably not likely though.

 

Did you have the fibs on?

 

It's those consolidations which I sit through that I want to start seeing as basing for MM's. These ranges have opened my eyes to other opportunities besides what I am doing.

 

No just eyeballed it, have more work to do on the MM strategy.

 

Do you run your grids on both Globex and RTH PA?

 

Crude oil finding support right under $20.

 

The 2.2 trillion dollar aid package will necessarily cause the stock market and future earnings to rise. The dollar may not buy as much, but the market must rise. ATHs coming soon.---Very soon.

 

I tend toward RTH only because I tend to feel the cash is most important. But last night's pullback in the context of the futures daily PA (buying at the 38.2) I ran both globex and RTH.

I posted this last night, and given that overnight we had higher highs and higher lows, I felt the Globes swing would govern.

Blue fibs are the ATH high to bear mkt low, and the green fibs are the bear mkt low to last week's high.