ES Journal - 2021/2022

[wiesman02]

still holding the 67 long.

impressive hold through the drawdown. If we didn’t V reverse, how would u have handled that trade out of curiosity

 

[wiesman02]

Rollover or continuation ? Strictly from the charts it looks 50/50 but I’d be surprised if they actually got this to fall this afternoon.

 

[Zodiac4u]

The 60mn is suggesting we will be breaking out of this narrow range, I am leaning north because of the reversal bar close with the 299k volume (yellow circle), once we get over the 1mn close in the 75.25 we should be seeing some price firming, today or tonight?

 

[Laissez Faire]

Sluggish NQ near the LOD (but still positive for the day) is holding us down. If NQ can hold green and rally a bit from here - up we go.

Else - probably back inside the range for ES too...

Go NQ!

 

[Zodiac4u]

Sluggish NQ near the LOD (but still positive for the day) is holding us down. If NQ can hold green and rally a bit from here - up we go.

Else - probably back inside the range for ES too...

Go NQ!

The NQ weakness is impacting the ES,

 

[Relentless]

RTY giving it up too.

 

[Zodiac4u]

,

Lets not throw out the Bull towel yet, the Daily still looks solid,

 

[Laissez Faire]

We're down about 0,3 % for the week. Barely 1 % from the ATH.

Wouldn't be too concerned for the bull case on ES yet.

NQ is a bit more ugly, but I suppose it's possible they'll decouple for a while and that we'll see a rotation out of tech.

 

[wiesman02]

We're down about 0,3 % for the week. Barely 1 % from the ATH.

Wouldn't be too concerned for the bull case on ES yet.

NQ is a bit more ugly, but I suppose it's possible they'll decouple for a while and that we'll see a rotation out of tech.

heathiest thing we can see from these markets is a few months of mild distribution. Media and news outlets are aggressively pursuing the inflation case. Whether it’s true or not it still should be good for a pullback in the meantime

 

[Relentless]

We're down about 0,3 % for the week. Barely 1 % from the ATH.

Wouldn't be too concerned for the bull case on ES yet.

NQ is a bit more ugly, but I suppose it's possible they'll decouple for a while and that we'll see a rotation out of tech.

Indexes rarely decouple for extended periods of time.

I'm waiting to see if the ES / YM catch up with the NQ / RTY, or if the opposite happens.