Sal Seth

ES futures trader - logging thoughts - not complete logbook

[Sal Seth @Sal0Seth]

@oakmac1 Need SSR(server side rendering) for SEO with cljs/reagent+reframe. React/node/rxjs/redux observable can do SSR and so can elixir/phoenix/liveview/morphdom but not reagent/reframe. Also code splitting ala nextjs would be nice for reducing bundle size.

[Sal Seth @Sal0Seth]

Long term picture in ES. $es #es_f $spx $spy $vix #sp500

[Sal Seth @Sal0Seth]

Potential reversal in ES maybe starting. Five waves completed after thrust out of triangle 4th. $es #es_f $spx $spy $vix #sp500

[Sal Seth @Sal0Seth]

Thrust out of triangle for 5th. Potential turnaround point. $es #es_f $spx $spy $vix #sp500

[Sal Seth @Sal0Seth]

5 of C may not be complete yet. If this is a contracting ending diagonal then v < iii < i. Otherwise just ‘a’ wave of 5 of c. Retrace should start soon. $es #es_f $spx $spy $vix #sp500

[Sal Seth @Sal0Seth]

Diagonal (rightmost a wave) was exceeded making it a leading diagonal. $es #es_f $spx $spy $vix #sp500

[Sal Seth @Sal0Seth]

Could be beginning of a diagonal. Right most b and c are invalidation levels. $es #es_f $spx $spy $vix #sp500

[Sal Seth @Sal0Seth]

3 waves down so far. Could be that there is one more high left upto 3334 level. $es #es_f $spx $spy $vix #sp500

[Sal Seth @Sal0Seth]

3rd wave up of 5th. $es #es_f $spx $spy $vix #sp500

[Sal Seth @Sal0Seth]

5th of c in progress. $es #es_f

[Sal Seth @Sal0Seth]

Long term chart with potential triangle for 4th and flat for second. Currently d wave wrapping up. Could see 3330s before turnaround. $es #es_f $spx $spy $vix #sp500

[Sal Seth @Sal0Seth]

Final 5th of c should be underway tomorrow. $es #es_f

[Sal Seth @Sal0Seth]

ES reversed at an important level of 3273.75 right down to the tick in the after mkt. IF it holds then C wave will continue. Otherwise B may extend. $es #es_f $spx $spy $vix #sp500

[Sal Seth @Sal0Seth]

Two different counts. One long term way of looking at B as not completed. Short term assumes B completed and C already started. Soon one of these days will be proved right. $es #es_f $spx $spy $vix #sp500

[Sal Seth @Sal0Seth]

5 wave impulse matches minute c wave. Might be getting ready to move out of this area. $es $es_f

[Sal Seth @Sal0Seth]

B wave might have ended already. C wave potentially started unless wave extending. Alternatively it could go as high as 3270s if extended. $es #es_f $spx $spy $vix #sp500

[Sal Seth @Sal0Seth]

C wave has finally started potentially. Impulse need to finish followed by corrective wave not exceeding B. $es #es_f $spx $spy $vix #sp500

[Sal Seth @Sal0Seth]

Minute 2 might have completed as well.

[Sal Seth @Sal0Seth]

Diagonal 1 seems complete. B wave ending still needs confirmation. Diagonal needs to be exceeded and subsequently there shouldnt be a z wave of B. $es #es_f $spx $spy $vix #sp500

[Sal Seth @Sal0Seth]

Potential turnaround if B wave completes soon.

[Sal Seth @Sal0Seth]

Resistance in ES at 3183.5/90. $es #es_f $spx $spy $vix #sp500