ES Journal - 2019/2020

Financials found a bid and the internals are steadying out

EDIT: Long SBUX $ CHGG

 

Did they ever leave?

The bears had their two days of fun.

Weekly range is now at 180 points which is a bit above the norm for the last few weeks. Quite normal to see a bit of retracement here, I think.

I can't put any hard numbers behind it right now, but I bet we're not quite done below just yet.

 

How about we fall to stop out all the long’s and then squeeze up in the afternoon for a 100 point fomo rally

 

1 hr chart with uptrend resistance lines drawn.

 

Exit 8968.75 +85 pts

 

It's extremely unlikely that we would trade as low as 2750 today----Could happen of course, but very small chance.

 

long NQ 8917.25 for a scalp

 

exit 1/2 8937.25 +20pt stop to BE


ES could have a deeper PB, but I think that 2820 will get hit at some point

 

Exit 1/2 8960.25 +43pts

 

short ES 2793.5