ES Journal - 2021/2022
- Thread starter Buy1Sell2
- Start date
cashed out at 4606 before it tanked, back in at 4595 and expect a rebound.
The last time that the monthly closed in the fashion it did yesterday, we had a drop of over 30 percent through the near term. Mind you, it was just a pullback in the continuing uptrend.
That's a nice Outside Day. At 145,25 points this is the largest range by far so far this year. Closing in on March 2020 ranges.
Hope y'all made a buck.
Hope y'all made a buck.
Incredibly, we had 2 larger moves down into the Close @ 57,00 and 51,75 points each respectively with barely a retrace. I can't recall seeing that very often - if at all.
The market just couldn't find a bid with cumulative delta plunging. Very weak.
The market just couldn't find a bid with cumulative delta plunging. Very weak.
A good decision for me on financials. Crude not so much maybe. Monthly XLF chart suggests more downside.
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I'm with @Buy1Sell2 on this one. FinTwit was all over this last night. That monthly candle is not the same price action as the September. September was outside down. November is a shooter.
Down goes Frazier!
If cash goes below 4442, then November-December will combine to be outside October. Meaning October low will test if 4442 on the cash doesn't hold.
Down goes Frazier!
@Buy1Sell2 nice call! Market genius!