ES Journal - 2019/2020

Sloppy head and shoulders look

 

I'd be more inclined to consider a breakdown but there is little interest in the market so far

 

not yet out of the doldrums, could go lower, not liking the pattern forming.
could become a base for long or could be the ceiling at this point, will have to watch.

 

Bottom line is this market sucks this morning. Fed days are worthless until the news comes out.

 

will try long L14.00 stop loss 12.00

 

maybe too early to jump in but i think that support should hold.

 

i do see 20.00 or near abouts on the horizon, lets see.

 

I wonder what would happen if the Fed came out and said it was now considering holding off on the rate cut since things are slightly improving.

Will someone help me understand what a rate cut would even help with right now? I can’t see the benefit of it.

 

This looks like a perfect place to short. No?