ES Journal - 2019/2020

Yep, unless looking at very short tf's, it's fairly clean stairstep down.

 

back to RTH open in MHO. or very low, cant decode or rth open and then back to lows.

 

Had a few losses along the way but nothing unusual about that.

 

Got short right around the open on the failure to breakout. Still holding short.

 

Too weak of a bounce. Flipped back short.

 

What do you all think o fthe SPX daily chart? Looks like a little bear flag ready for a measuring move down, doesn't? May not get much ore downside today - might have to wait for Globex to "steal the move" Sunday night into Monday morning as @Spooz Top 2 likes to say

 

did you wait till retrace around 1000-1008 edt?

 

Yes - I see the same.

But how many of those swings did you need in order to determine that trend so clearly...?

I was short around 90, but bailed on that thrust up to 88 as we were trading back up above the prior LOD.

And even if I had a bearish bias from prior to the Open - I was not able to sit through those deep retraces...

 

2 highs, 2 lows.

As you mentioned at the beginning of the day, this is a day to sell (relative) highs and buy (relative) lows. Of course this may change as we near the close.

I think we're going down to 30 plus/minus 5