ES Journal - 2019/2020

I hate to say it.... but I think thats been pretty much baked in already. Market-wise at least.

 

I’m looking to buy a ES put if ES gets around 2588 for an initial target of 2577. Stop 2594. Nikkei may test multiday lows. Moneyflows in correlated assets and spreads are about neutral. Still thinking we will be in a somewhat narrow trading range today.

Edit: I actually will be targeting a wide range bar to fade upon a test of the Asian session high, if offered. My stop will be the length of the wide range bar against my entry.

 

The rising wedge is still in play with 2600 as strong resistance. If banks disappoint this week, we could be down 2.5-3% in one day.

 

Flat the 2580 put for 4.5 pts. Not as good as the underlying but better than a kick in the head.

 

Looks like 2577 being tested before 2588. Let’s see if 2577 holds.

Edit: Next is 2560 if we don’t hold, in my estimation.

 

selling out of an inclining wedge from 2600..ES, NQ already taken out Fri low..is it the start of a new impulse down.? has to be considered seriously...but 1 day at a time.

 

Excellent pullbacl tonight in this uptrend. WIll continue trading from the long side primarily.

 

Long 20 cars nq 6545 20 handle stop, 50 handle target

 

Both holding the wedge support premkt...see what happens at RTH open...like u said one day at a time.

 

A true test of this rising wedge support