ES Journal - 2019/2020

Possible long with stops below 93.

 

Lots of engineered macro and micro price cycles.

 

Long@3502.75...Stop@3492.75...Cover@3517.75

 

RTY getting smoked....straight down since the Sunday night open.

 

Nobody cares about those stocks any more.. As long as Apple and Amazon are going up, indexes can't go down.. It's a fantastic new world, and remember, this time is different!!!

 

Floor construction @ 3500 in play...?

Or setting up for a flush lower?

No strong edge either way at the moment from my point of view.

 

Slightly favouring the long side, though. Can still dip down to 96,25 and rally from there, IMO.

 

Floor is at 3350, in my opinion, in this parabolic upmarket.

 

Macro long support is micro short support. This will determine the status of the trend. So if you are still holding short you are trading for a break of 93. If you are positioning long you are looking for 93 to hold.

 

I was talking about the intraday floor.