ES Journal - 2019/2020

You have an objective on this ?

 

Friday's low was 2647 and Tuesday's high was 2657. They overlapped and thus there is no cash gap to fill. I would be fine with the market going up and taking out what you perceive to be a gap though----

 

2650 (intraday). --Trade will be exited at or prior to EOD

 

The entirety of my trade plan has been posted numerous times on ET.

 

The idea of this trade is to see a new intraday floor develop at 2630 and we go higher.

 

These "floors" are more like quicksand.

 

I'm leaning towards trading smaller swings for 4-5 handles...within intraday trend while being mindful of larger picture support and resist, fib, etc..keeping nq/es spread in background..get overwhelmed from so much opportunity in 1 day..drilling down to 1 min is where I probably need to start..

 

USD/JPY signaled just a strong sell. I guess, we will see lower equity prices going forward.

 

This will be ripe for overtrading. Good Fortune to you. 1 min is a good chart for those that don't want to hold overnight.

 

Are you saying you expect 2650 today?

Roughly a 10 % probability that will happen today. Considering the time now, even less. So, not very likely.