ES Journal - 2019/2020

Last add 2652...avg 2643.23

 

I see confluential resistance at ES 2710-2720, so at the moment I'm anticipating this zone will stop the advance and give us our best shot at a reversal down.

The bigger question IMO is whether this is going to develop into a more extended bear. In terms of newsflow we are starting to see some signs that the tide is changing, so it's certainly looking more likely than a few months ago.

For the moment though we're just in a bull grind...

 

I prefer pullback overnight, not runup. We'll just have to deal with this as we'll likely have our pullback during RTH.

 

Then how do you account for the fact that folks using technicals forecasted long yesterday well before the news and snap-jump?

 

I applaud your honest and vulnerable calling. Others are unable to show themselves .

 

Surely we'll fill the cash gap today at some point at 45. --2622 making a bid now for new short term floor as well.

 

You must be following desterios short calls again

 

We filled Decemwver s&p cash gap at the open. Lots of air below

 

2660 will be the top until the shutdown's over.

 

Yeah, that was a bad call. The follow through of yesterday's spike should last at least today.

By the way I don't follow anybody. I was just a bit angry that fundamentals messed with my technicals, and I really wanted this to go down.