ES Journal - 2021/2022

Concinnity said:
This is a great long trap on all indices, but particularly NQ. All those buyers from 15605-15987.25 underwater and primed to be squeezed out. I have monthly NQ support at 15154 but we already bounced off of that last week, generally doesn't hold as well on 2nd hit.

Bearish bias tomorrow unless we start trading above 15605.00, than I'll move back to slightly bearish bias, but still be open to taking long setups.
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Playing out as expected, looks like holding my short overnight would of been correct move, just didn't want to stay up and watch it and didn't want to leave open position.

Looking at chart now, not sure will get the full move to 15154.0 today, but that is still expectation.

Given the action though not against taking some longs today too, we've had some pretty decent signals to long side that produced overnight.
 
Concinnity said:
Playing out as expected, looks like holding my short overnight would of been correct move, just didn't want to stay up and watch it and didn't want to leave open position.

Looking at chart now, not sure will get the full move to 15154.0 today, but that is still expectation.

Given the action though not against taking some longs today too, we've had some pretty decent signals to long side that produced overnight.
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Well let my short bias over take me, and jumped in short too early instead of waiting. Had to exit for a loss. Wasn't really watching my charts for signals, just shorted per my bias. Waiting for next trade now.
 
Obviously this is / was the short after that break down. I took it, but sucks I took a nice loss before this one. Patience is so important. I mean NQ went right up against the 15605... perfect place to short.

As long as we below 605, going to keep looking short and take signals, above that I'll cut and/or stop taking shorts if I am not currently in one.
 
Concinnity said:
Obviously this is / was the short after that break down. I took it, but sucks I took a nice loss before this one. Patience is so important. I mean NQ went right up against the 15605... perfect place to short.

As long as we below 605, going to keep looking short and take signals, above that I'll cut and/or stop taking shorts if I am not currently in one.
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That is basically second test of 605ish, no real need to test it again.... would expect a deeper pull back now, prefer below 15500.00. If we recover again toward 605, going to be careful.... because if we do get over that, probability for market go up quickly and more is increased from my view point at least.
 
Concinnity said:
That is basically second test of 605ish, no real need to test it again.... would expect a deeper pull back now, prefer below 15500.00. If we recover again toward 605, going to be careful.... because if we do get over that, probability for market go up quickly and more is increased from my view point at least.
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Covered most of my short, just have a smaller runner remaining seeing if we get to 15447.00.
 
I guess if 15447 doesn't hold, assuming we even get there 15427.00 would be next and that would clear all the overbought... and be a possible turning point for up, if there's any bullish intentions left. Don't think it recovers much if we end dropping down there, but will see price is above 15500 now... so maybe it won't even get to 15447. Normally it would but nothing is 100% in trading obviously.
 
Concinnity said:
I guess if 15447 doesn't hold, assuming we even get there 15427.00 would be next and that would clear all the overbought... and be a possible turning point for up, if there's any bullish intentions left. Don't think it recovers much if we end dropping down there, but will see price is above 15500 now... so maybe it won't even get to 15447. Normally it would but nothing is 100% in trading obviously.
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Got both this 15427 ish best chance for market to stabilize and make a push up, but I am not taking it personally. Flat and back to waiting.
 
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