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I thought yesterday's reaction at the year low was a bit interesting. Price was just sitting there and not much happening. Wasn't the fact that we didn't break lower a small clue that maybe we could be finding a temporary bottom...?

I'm done for the month, so no more trading this week and thus not doing any real work for tomorrow. But at glance on the charts, we had a breakout of the weekly range today and filled half of Friday's gap. The drop at the Close makes you wary it could be a false breakout. So, either a...

I actually posted it in the ES-journal last night, but held up on the call as nobody asked... :) ES Journal - 2021/2022

I posted this as a tease last night, but decided to hold up as nobody asked... 5 of 6 days also had the main move UP, so those weaker days actually were gap down days which rallied to about unchanged.

6 red candles where each had a negative close. Pretty good odds for a decent up day the next day... :)

Some pretty good calls and trades here, though. Give credit where credit is due and be a good guy. Everyone can be a Monday morning quarterback. The only time you had the guts to actually post a call before the fact it was a pretty bad prediction. :)

Wait now. I thought CQG was supposed to be a premium service...?

Getting there... As I just demonstrated, though, there's a difference between trading and calling the market. The former is risky. The latter is not.

I think it's hard to not trade your P&L. Or maybe it's just me. If I were greatly ahead for the week - I would maybe just hold this B/E without any worries, but today I just wanted to book this and the month.

Yeah. However, there are some conditions which suggests it might be wise to not be too greedy today. We're still at the top of a major range high. I can see both scenarios right now... :)

Covered on that trailing stop at 33.50 for + 9,50. I'm closing down shop for the month now on an equity high. Had a great 15 day winning streak, but got into trouble after a way too large loss which I posted here, but managed to claw back to new equity highs. + 49 % for the entire month.

I have a sell trailing stop at 33,50 and will move it if we rip higher. No need to be a hero.

The outlier target for today's close would be 3770. Well within predicted possibillities following the 6 red/negative days down in a row pattern that was discussed yesterday... ;) Might be a stretch, though. Stalling a bit here at the week high, so could still reverse.

Okay. Couldn't resist that BO. Stop me out for 30 or give me 50.

And I'm out for 4 points on a trailing stop... If I were up greatly for the week I would just hold this with a 10 point stop, but my confidence level is medium to low for the chances of a BO, so I see no need to take unneccessary risk and I was in drawdown on this position before this pop.

So, who thinks this can breakout going into the Close for a 3750 tag? Who's fading ths level? I'm a late long, so I will trail a tight stop if we close in on the highs as my confidence level is medium/low. If I get lucky (that's part of trading) and don't get stopped out, I'll just hold below...

Yes. That's the scenario I'm leaning on, but I'm not loving this ripping back and forth here at the highs in both directions, but that's ES during chop hour. Larger time frame players may find this a good spot to be selling into. Trading all the way back up to last Thursday's Close would...

I celebrate with a good wine on my good days and an even better one on my bad days to drink away my sorrows and soothe my nerves... :)

If we could successfully breakout above that supply zone, I don't see why we can't see 3750 by today's Close.