ES Journal - 2019/2020

2020 was discounted with 5 weeks of down after an 11 yr bull. I've always wondered why we ever have bear mkts as if you look out 12-18 months your always on the other side of the valley. .

 

Here is a charting of the 60 minute SP. I am looking for the line to hold on this breakout and the SP to continue higher-----much much higher.

 

The massive upmove in financials that had it's beginnings last week is now afoot and is ready for an absolute explosion upwards.

 

Looks like another inverse H&M’s pattern could be developing on the 5 min.

 

---and here is that same line on the daily. I am looking for it to hold and up we go.

 

do tsla and msft report after the bell?

 

projecting 87.5ish?

 

Exactly. What are the markets moving on now ? Mood and momentum....this from a professor at NYU's Stern School of Business. He says big tech stocks like MSFT are just ATMs right now. This is definitely NOT 1999-2000 for these tech stocks right now. Hate to say this, but "This time It's different"

 

87-90 is my First target/ T1 ... With B on this one... 15, 30, 60 & Daily are all primed to run today & into Friday....

 

Massive upmove in financials ? Wfc,bac, Jpm and gs all down today . Many banks are dead and near 6 week lows