{"id":500,"date":"2020-03-29T10:14:50","date_gmt":"2020-03-29T08:14:50","guid":{"rendered":"http:\/\/market-and-us.com\/blog\/?p=500"},"modified":"2020-03-29T10:14:51","modified_gmt":"2020-03-29T08:14:51","slug":"just-a-pullback-or-bottom-reached","status":"publish","type":"post","link":"https:\/\/market-and-us.com\/blog\/just-a-pullback-or-bottom-reached-500\/","title":{"rendered":"Just a pullback or bottom reached?"},"content":{"rendered":"\n

Yes, we had green candles<\/strong> last week after a while! I thought I won’t see any this year. \ud83d\ude09
But what we are all asking now if this is just a pullback<\/strong> or is the bottom<\/strong> already reached? <\/p>\n\n\n\n

Bounce at -36.01%<\/h2>\n\n\n\n
\"\"
ES (weekly)<\/em><\/strong><\/figcaption><\/figure>\n\n\n\n

In the weekly chart<\/strong> of the ES<\/strong> (future of the S&P 500)<\/em> you can see the move back to the 200 SMA and 250 EMA<\/strong>. And now we should pay attention on those levels: Will price break above<\/strong> on a second test or did we see the lower high<\/strong> already?<\/p>\n\n\n\n

\"\"
ES (daily)<\/em><\/strong><\/figcaption><\/figure>\n\n\n\n

With a look on the daily chart, it is likely to have a support on the -30% level to then touch or test the -20% level<\/strong>. But if -30% will break again to the downside, we’ll reach the -40%<\/strong> with a high probability.<\/p><\/blockquote>\n\n\n\n

Of course, the first partials are bought for long term but also many traders entered their short swings the last two days.
It will be an exciting next week<\/strong>!<\/p>\n\n\n\n

Here we see the enormous move upwards in the VIX<\/strong> in the daily chart (last week in the monthly<\/a>):<\/p>\n\n\n\n

\"\"
VIX (daily)<\/em><\/strong><\/figcaption><\/figure>\n\n\n\n

But nobody can imagine another higher high<\/strong>.<\/p>\n\n\n\n

So, maybe the markets just calm down and the market will move sideways for a long time.<\/strong> This is what is probable in my opinion.<\/p><\/blockquote>\n\n\n\n

Only futures trading<\/h2>\n\n\n\n

The last week was another week without any changes in my portfolios. And I only traded the futures<\/strong> – mostly MNQ but some trades also in MES.<\/p>\n\n\n\n

The article about the futures will take some more time. But I will share some thoughts in the weekly article at first.<\/p>\n\n\n\n

This week I had a profit of +$1,292.86 after costs<\/strong> in my paper account. That feels good. All trades where based on a plan, mostly with only one contract, repeatable<\/strong>. And scalable<\/strong>.
But I have to trade more with real money. Because of the increased margin based on the high volatility I could live trade only one day and after one trade with a loss of -$30<\/strong> I was under the margin limit<\/strong> and had to stop again. So, I added another +$100 to my account. I hope that I can live trade every day next week.<\/p>\n\n\n\n

See my cumulative P&L<\/strong> here:<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

I like the futures because I can focus on one instrument<\/strong>. No scanning. Also, my swing trading will change a lot. I will more focus on stocks I know than trading another stock every day.<\/p>\n\n\n\n

Final words<\/h2>\n\n\n\n

Now as I wrote about the current market situation is just a pullback or the bottom is reached, I again ask you: What do you think?<\/strong> What will happen?<\/p>\n\n\n\n

I am looking forward to your comments!<\/p>\n\n\n\n

Stay healthy, stay green!<\/em><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Yes, we had green candles last week after a while! I thought I won’t see any this year. \ud83d\ude09But what we are all asking now if this is just a pullback or is the bottom already reached? Bounce at -36.01% In the weekly chart of the ES (future of the S&P 500) you can see […]<\/p>\n","protected":false},"author":1,"featured_media":515,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"yasr_overall_rating":0,"yasr_post_is_review":"","yasr_auto_insert_disabled":"","yasr_review_type":""},"categories":[5],"tags":[141,113,145,9,29,30,142,34],"yoast_head":"\nJust a pullback or bottom reached? - The Market and Us<\/title>\n<meta name=\"description\" content=\"After we noticed the first green candles in this huge correction, the question is if it's just a pullback or is the bottom reached?\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/market-and-us.com\/blog\/just-a-pullback-or-bottom-reached-500\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Just a pullback or bottom reached? 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