ES Journal - 2019/2020

--and here is the line when imposed upon a 15 min chart. As you can see, we have more to go --

 

The current buy signal should at the very least, challenge the line.

 

Thanks B1S2,
however I don't intend to overtrade..just find a rhythm that suits..

 

And why "should" THIS buy signal "challenge the line"? What differentiates THIS signal compared to previous buy signals (on this chart) that clearly failed to "challenge the line"? As important, what negates THIS signal?

"Don't spend time beating on a wall, hoping to transform it into a door." ~~ Coco Chanel

 

The whole thing is a house of cards.
What happened to all the doom and gloom of late December?
Oh CNBC changed their tune.
There are waaaaaay too many problems.
A f'n blind man can see it.
Tech is right back at nosebleed levels.
15X sales and no free cash-flow on low volume pigs that are holding everything up. I see it. The examples abound.
It strikes me as funny at how easily the narrative is changed. And people get sucked right in.
Water seeks its level....2400... here we come.
Just give it a few, we're heading south. Sorry B1.. your uptrend is toast.

 

I guess you don't recall this posting---

 

When you post that thought of yours, that the ES would reach that level? I don't see a timestamp...

 

I think more of us need to listen to this vanz thing. Spidey-sense tingling over the long haul.

 

But I will also say---until a trend ends, it is to be followed.