ES Journal - 2019/2020

Look at the hungry buyers jumping in. Better go long so there Q2 statements look good.

 

I remember during the late Jan 2019 recovery off the lows. I noticed the rise had been on lower and lower volume. Made me think as im thinking now. That its a dead cat bounce and will fall back.

Never happened, we are now in the exact situation this week.

 

I don't think the FOMC will stay clear of interfering with the markets, long enough for any sort of major correction. Last fall was a pull back from all time highs, same as this correction. The FOMC stepped in every time.

 

Going to have to change my user name to Pat Riley


Added 2879.25


Stop 2901


Objective is 2845, 2802, and 2745


Selling 285-290 June SPY calls here as well

 

Congrats on all you bulls who got this one right

I must say I am impressed at the move over 2840's

See y'all at 2804

 

Any one agree for shorting ES right around now.2886.25 ??
i am having itchy fingers for short. what do you think ?

 

if it breaks below 2883.00 convincingly then i will try short trade. target 2873.00

 

76.25 first support, lets see, but stronger support at 74.50
finger on trigger.

 

Buy1

I think spx touches 2845 sometime today but my middle name is Heat right now


Volume is suspect

 

I don't think we will ever get a once in a lifetime buying opportunity again. Im talking a correction like 2007-2009. The FOMC has made clear every time we get a correction they will step in, and they have.