ES Journal - 2021/2022

[Laissez Faire]

Reversed at last week's range low.

Needs to put in a higher low now for any trend reversal. I don't think that's going to happen, but it is one possibillity. No need to get locked down too hard on a bias.

 

[mervyn]

looks like will touch 50 day ma before any pause.

 

[Laissez Faire]

Dip buyers still getting creamed, but there's no buy signal, yet.

I used to try and pick a bottom on trend days. Now I know better.

 

[SunTrader]

Next stop might just be 3750 , as my prior chart pic showed.

Though prolly not today.

 

[schizo]

I used to try and pick a bottom on trend days. Now I know better.

The thing is that the last two days has been such a slow grind down, it doesn't feel like a selloff. I'm afraid there might be another vicious snap like we saw last week.

 

[Laissez Faire]

3920 could trigger a reaction, so that warrants some caution. I wouldn't be surprised to see 3900 today, though.

 

[schizo]

Today looks pretty similar to yesterday and we got a reversal yesterday 1 hour prior to the close. So let's wait and see if we'll get one in about 20 minutes.

 

[SunTrader]

Might get a bounce into close (Cumulative TICK's are all showing slowing downside momo), but I won't bother to touch it.

 

[schizo]

Today looks pretty similar to yesterday and we got a reversal yesterday 1 hour prior to the close. So let's wait and see if we'll get one in about 20 minutes.

Looks like it's coming. And suppose this turns out to be a monster short squeeze. :giddy:

 

[mervyn]

Or maybe a last hour bull trap, ready to be out 3915.