ES Journal - 2019/2020

DEMTDAYBOYZR$

 

Upside 2800 and then 2840 on SPX


I'd be surprised if upmove is not capped at 2800-2810


Downside objective is still 2644 from any DCB

 

in my opinion the top is here between 91 and 96

 

First target 2961.25 ESM ... not all of that today, however lol ... I don't what the high for today is going to be, but I think odds favor we close at or near the high rather than anywhere else.

3100 to 3200 in the cards before The Top, imo

 

Man you on that good kush

No way spx touches 2950 or higher without first touching 2644

 

There is a massive afternoon move brewing.

 

PPT been buying from the jump today, futures all the way until now... Yesterday were on and off, it seems today Mnuchin told them the whole day, obvious power buying + front running by HFT. Fed is dumping 50 + Billion easy by day's end in the SP.

Prudential and Deutsche Bank blow up coming soon... Citi, Goldman, Morgan Stanley and BoA all gonna get it too, surprisingly all banking is really green today, 95 % + US Market is green today... LOL

Derivatives put the fear of god in Central Bankers, can't let DB below 10 Billion Mkt Cap with 1.6 Trillion in Assets... Mnuchin deregulation of Prudential off the SIFI list is priceless... It's almost as if these guys want to create havoc, or just extract Trillions in bail outs again ?

https://www.americanbanker.com/news/prudential-the-last-nonbank-sifi-sheds-the-label

 

This Head & Shoulder formation is playing out in text book fashion.

 

Second one is brewing

Blow stops on the previous neck before the move down to 2503

 

There is no such thing as a "PPT"----and certainly not when markets are declining in a slow and methodical fashion.