ES Journal - 2019/2020

looking to buy now.

 

short 98.50

 

first support 96.75

 

Slowly inching higher with shallow pullbacks and a few 'scary' red bars to lure people into shorting this.

 

its due for a down, 2900.75 looks like it bears can make a stand.

 

have to break below 99.00 new support formed at 99.00

 

target around 95.50 so far looks like it wont go too down unless something changes.

 

Just talk of a rate cut seems to work just fine. No need for an actual cut.

 

Specifically why is it due for a 'down'?

 

just watch, because ceiling is forming on larger time frame. will know after few candles if pattern is formed or not.