It's my experience that when you get some serious selling beyond a mere retrace - levels kind of stop mattering. Last Monday was one such day.
Today could be another one...
ES Journal - 2021/2022
- Thread starter Buy1Sell2
- Start date
It's my experience that when you get some serious selling beyond a mere retrace - levels kind of stop mattering. Last Monday was one such day.
Today could be another one...
That said - there's an open gap below from last week @ 4341.75. So, paying attention to that one for today. Need to see some solid upside momentum before attempting the long side from here.
Right now, this is smooth and controlled going lower...
Right now, this is smooth and controlled going lower...
For reference - last Monday was down 2.87 %. Only half way there so far today.
EDIT: 3 % down takes us to 4300. It could happen.
EDIT: 3 % down takes us to 4300. It could happen.
Last edited:
These are the kind of days that tends to throw me a curveball. With Powell on the stand - I wonder if this one could totally reverse higher as well. Normally, that wouldn't happen, though.
Any takers?
Any takers?
Nyet... 9/27 Hang man on Daily combined with the always deadly TL Kiss from under has sellers firmly in control in the short term while Rome burns under this oppressive Oligarchy!
Anticipating new swing lo`s off the 9/20 swing lo...
The game is being played in the 15 & D... sellers are just closing bars & kicking ass... Heavy, Heavy... Too many jukes on the 5... impo!
The game is being played in the 15 & D... sellers are just closing bars & kicking ass... Heavy, Heavy... Too many jukes on the 5... impo!
Last edited:
Current LOD is 43.50, so might be close enough. Gap filled on SPX, too.
That's what I keep wondering, validity of intraday price bars, I mean, all the time frames available from tick chart to 240 minute time frame. I would have thought that supply/demand at certain levels has relevance, but 1 minute says buy, whereas 15 minute says sell, 60 minute indicates the opposite, etc. Crikey! How do you choose?