ES Journal - 2019/2020

Discussion in 'Journals' started by Buy1Sell2, Dec 19, 2018.

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  1. Overnight

    Overnight

    Indeed. "Drop" by most folks now appears to be defined as 50 percent or more over a couple of years. Hell, maybe even 70 percent wouldn't work these days.
     
    #26961     Jul 17, 2020
  2. vanzandt

    vanzandt

    So lock up your daughter
    Lock up your wife
    Lock up your back door
    Run for your life
    The man is back in town

    -Angus

    What was that news btw? I looked and didn't see anything real big.
     
    #26962     Jul 17, 2020
    schizo and speedo like this.
  3. vanzandt

    vanzandt

    So many stupid people... so few asteroids. :rolleyes:
     
    #26963     Jul 17, 2020
    schizo likes this.
  4. Buy1Sell2

    Buy1Sell2

    Massive market move afoot---

    upload_2020-7-18_0-17-39.png
     
    #26964     Jul 18, 2020
    Gaslight Capital and themickey like this.
  5. speedo, I took the same trade but in NQ and based on volume activity on the 1 min. You trade off 5 min ? What was your basis for this long ?
     
    #26965     Jul 18, 2020
  6. I heard on Bloomberg that CA announced an increase in Covid cases.
     
    #26966     Jul 18, 2020
  7. speedo

    speedo

    5 minute chart, pull back from impulse move back into a measured move fib buy zone.
     
    #26967     Jul 18, 2020
    wiesman02 likes this.
  8. The market simply found that nest of sellers, again, who have been camped out at $3233 on S&P 500. That was the fifth of five intraday touches this week and each had the same result, i.e. there are sellers camped out there. No news necessary to cause that minor reaction. Whether it was intending to be a major reaction remains to be seen as the bulls were literally saved by the (closing) bell. Where news would be helpful and likely have a profound effect is if someone were to drop some Covid-19 vaccine PR 6 minutes before the regular trading hours get underway in New York. Price needs to jump over those sellers and make them turn tail and chase price as it rips higher.
     
    Last edited: Jul 18, 2020
    #26968     Jul 18, 2020
    Relentless and speedo like this.
  9. speedo

    speedo

    Yep, needs a gap and go.
     
    #26969     Jul 18, 2020
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  10. Relentless

    Relentless

    Pretty much sums up where my current thought process as a whole is at as well.

    As an aside though - I think it could get bloody in the short term if say we finally breakout of that 3220 level or gap above it then reverse hard.

    Isn't next week mega cap tech earnings?
     
    #26970     Jul 18, 2020
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