ES Journal - 2019/2020

if price < 2890 then 2822 +/-

EDIT: Not necessarily today lol ... and let's say 2822 before 2965 for you numskulls who think you should be able to swing the ES with an 8 tick stop.

Road map: 2885 > 2880.256 > 2872 > 2858.50

 

jeez that's larger than the average bear

 

You mean you can't?



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That's like 3% down from here, in one or two days doesn't seem outrageously bearish, even in the megabullrun there were plenty of 5% corrections

 

Is that <2890 the closing price or an RTH breach?

 

I will sell close of a 60 minute bar < 2890

 

Thanks for sharing your insights, man.

 

June CL moved up $1/BBL to HOD of $18.62 and then promptly gave it all back. Market moving up on expectations that supply cut-backs from OPEC will prevent inventory overload. Norway cut-backs were also in the news today. Of course there is also some short covering going on. The EIA has the current spot price at $12.17....but that was as-of Monday. I can't seem to find a current-day WTI spot price.

 

If we can get above 2905 area I guess 2930 or even 2940 is still possible.

 

It might be saved for tomorrow. Now that the market is back to running off the more typical patterns, that 2965 high is a marker for tomorrow, and quite possibly the 200d MA. Call premiums get killed today for cheapie long shot calls tomorrow.

 

Long 95

Edit: Target 2917.50