ES Journal - 2019/2020

a TR can also go slightly downwards or up. But the last few candles show signs, that it is not a TR at all. Usually Wednesday is reversal day. So statistically it tends to be a major trend reversal, not a pullback.

 

L 60.5

 

I guess many were caught off guard, that markets tend to close lower before extended weekends. But I don't trust the short side so I sit on my hands the rest of the day.

 

this is my prediction from last night when we were around 2940. It still can play out

 

A lil IHS building up on 5 min. maybe they'll building the right shoulder at 60ish

 

Fed minutes nothingburger.

 

as expected

 

Think the focus is on the press conference more than the actual policy statement release. There was really nothing new to be learned in the latter.

Could still be a total nothing but you never know with these knuckleheads.

 

PA since 11:15 am has been sh*t....down, sideways, choppy.
Best to trade AM and then quit for the day.

 

Huge gap, support at open...odds slightly favor up.