ES Journal - 2019/2020

No, it ripped up at 4:01 PM ET

 

I rode the wave up on the NQ from last night. It was great.

 

Looks like I picked a hell of a week to not long NQ.

 

All you have to do is get long on a dip and sit tight. It bounces right back. Today's selloff will be erased by the overnight drift higher tonight. No fear in this market.

 

WRONG!

 

Did you do that in Aug 2015? Jan 2016? Jan 2018? Oct 2018? May 2019? Today? I mean, there is ZERO Risk in a future that expires, right?

You make me mad with your sim BS.

 

We should back off today at least down to 3000 and I would expect 2950 shortly thereafter.

 

only if they let the markets go down otherwise a range between 01.00-20.00 in MHO.

 

What indicators support your call, @Buy1Sell2? Seems to me like it could just as easily continue up through the July 31st rate cut. No?

 

Sit tight is not the right play at the moment, buy the dip if large enough but get out quick or it will bite you... any one of these dips could be the one that keeps on going without warning.

Trading the Indices on Fundamentals