ES Journal - 2019/2020

What chart is that?

 

A snippit of SPY daily (last few days)...cash

 

If I were trading SPY I'd be following #ES and #SPX, but that's me.

 

absolutely, the point is the type bar relative to last few days..

 

Exciting start

 

what he is saying is that it is a total indecision bar indicative of distribution.----not conducive to continuation.

 

And what I am saying is that if I were trading SPY I would use $SPX or ES# data to get a more accurate picture of the market.

 

We've got the big trend day down that I was expecting Friday. Staying short here.

 

If today fails taking out Fri high, then yes, bulls have cause for concern ..