ES Journal - 2019/2020

1: it's a neckline
2: it's resistance until proven otherwise?

 

Second attempt here to take out recent highs. Let's do it---Ish

 

What is to keep you from repainting it each time price makes a higher tick?

 

There it is--- a fresh new high. Let's establish the area or leave it way behind now.

 

Lots of resistance at 2633-34 from overnight PA.

 

a clear, decisive b/o. perhaps it's not classical technical analysis but it's certainly a good reminder to me on keeping a reality check on where we are (or actually where we are not) at the moment

 

@Buy1Sell2 is on a roll - he just blocked me lol

 

We are slightly above the20 day MA now. This is a very significant area one way or the other.

 

Its hard for me to believe any analyst or trader would dare say the bottom's in after only a 4 week decline after the greatest bull mkt in history of 11 yrs . That's insanity

 

someone posted here the other night a channel, and the bottom of it is 1500 spx. could totally see that if being fair. fundamentals are absolutely going to shit out soon. weekly jobs numbers are going t keep getting slammed. major and mid sized companies alike without the backstop of the small business payroll are letting people go. it's going to be a shit show in the reports, whether or not the mkt cares is another story. i lean towards your sentiment tho.