ES Journal - 2019/2020

TF?

 

2 min..looks like it has more back/fill work to do though..
5 min is HS

 

Ty

 

Actually, on a 200 tick chart, RTY painted a perfect H&S pattern at 1480/78 and then went straight down.

 

so, on the 5min nl at 3200?

 

yes, trading rt neckline now - tgt=3090-86.
will it hold or not

 

Big tech (NQ) relatively weak today.
RTY - mombo strong.

 

Made 48.50 points on a MNQ short earlier. Wish I held on. Still have some negative deltas in an ES option spread. I would expect to see RTY outperform NQ for quite some time on increased risk appetite and seemingly extremes in relative capitalizations. Largest tech sure have gotten a lot of love lately, but growth potential lags some on the better RTY components.

 

just about there with regard to spy. close enough.

 

I bet we see 3035 before we see 3365. 165 point spread.
Bet?