ES Journal - 2019/2020

done for day. Holding into next week
Will close this at 3415 ish I think

 

Short 3392

Stop 3412 (going for the B1S2-esque stop )

 

7 tick slippage on the ES today. Stop order. Highly unusual. Probably a first.

Test of the Week High / ATH coming up here.

3400 by the Close?

 

booom

 

Man, the drama up here near ES ATH's is amazing. Will it hold up there at the RTH close ?

 

Last Friday was a dump into the Close. The Friday prior to that closed at the High.

I bet we close above 3385. The rest is a gamble.

But a run towards 3400 wouldn't be a big surprise...

 

Nice R/R for a swing short.

Might even be a good entry.

 

In the meantime....

One month, 10 minute intervals chart
XLF Black
KSX Green
KRX Blue
FINX Brown

 

You bet your ass it is.

 

The market is pretty damn bullish, though.

My weekly forecast suggests a 12/13 chance of fresh ATHs next week and a 77 % chance we'll close higher than 3393,75 by end of next week. This is just by looking at similar technical patterns.

This level might be a bit more special than your 'average ATH' and we're also in volatile times. So who knows.

But there does not seem to be a very strong edge just shorting a fresh ATH and a strong weekly close.

Good luck anyway.