ES Journal - 2019/2020

I'd like to go on the record as looking for ESM/ESU to trade 3110 or higher by the end of June 2019

 

The "bear market" continues

 

Done for day I think. Lets hope that tomorrow is a generous.

(Will only trade anymore today if my man throws a trade my way!)

 

Good trading today, Glazier ... so glad you weren't throwing shorts against the wind all morning. This is a tricky bear market for the bearishly inclined.

Just about 11:30 Eastern so I would suspect a pause and some lunch hour doldrums should be upon us soon.

 

We are now right near the top of the entire move from late December 2018. Shorting size soon.

 

Support on the move is 2890. We'll need to sell down and get thru there for legs to the downside.

 

Intraday, we'll need to sell thru 2927 and get a chance for intraday legs down. --Plenty of time today for that to happen.

 

The strongest support intraday is at 2924. That will be an interesting area should we get down there. I anticipate strong selling and profit-taking very soon today.

 

imo, this is the breakout of a meltup..
"markets can stay irrational longer than, etc"