ES Journal - 2019/2020

2890 has been a bull above/bear below for two weeks now so not surprising. ES/SPX still in a trading range since 4/9 and we are still closer to the middle than either extreme so price action will be the best guide today ... lower channel trend line should be at or near 2838 today to not oversold 'til there and it doesn't have to get there to turn around.

 

I am thinking if we get above 2900 and hold that as support on a back test, we have a chance of LOD being in.

 

Thanks for that Zandty. The Saudi's are trying to "talk" the market up.....LOL:
https://www.marketwatch.com/story/o...ond-wave-of-coronavirus-infections-2020-05-11

 

Possibly 2 masks now. Done for day on MES. Just gonna watch now. Good luck all

 

Appreciate this VZ.!.you were 'putting it all together'.AKA unconscious competence..

 

I have a nasty feeling they'll push this baby back up to 40. Time to sing kumbaya.

 

Strong market.

Would normally expect the HOD no higher than 2925 today, but it could be one of those rare days.

Several juicy targets above if Friday's HOD is challenged.

 

A rare day indeed.

There's an open gap at 2930 ripe for the taking. If we don't reverse there - we can easily see 2950 today at this rate.

 

Well, 25 is about to be taken out. The next target will be at 34ish. If that gets breached, and time permitting, the next target will be the overnight high. (We're on the same page it looks like )

Having said all that, this is typical of buying climax or what VZ calls "mob mentality". Go pied piper!