ES Journal - 2019/2020

We are right near the top of this bounce at the moment. I maintain short bias hier.

 

VIX is high to the sky, probably v-turn on the way down

 

At least a retest of the 3/4 high, but I agree with you - 2850 likely, and 2870's not a long shot either.

 

Ummm ... pssssst .... your bias is showing

 

Nope, VIX is a leading indicator.

 

We have a cash gap from 44 to 47 today that should get filled later this afternoon or at worst, late Tues morning.

 

I'm trading a turn at 2767-72

 

In my opinion, the only truth is price.

 

Well just like that we are more than halfway back from the 3/4 top to the bottom of the 3/8 drop. A close at or above the 3/5 low ought to seal the deal on opening the door back to the 3/4 high and higher. The lowest odds trade right now is a short expecting a gap fill anytime soon, imo.

But then again, I trade PA as it scrolls out onto a chart, so what do I know?

 

closed buy position... i think it hit resistance... at least for short term