ES Journal - 2021/2022

Oh man, very thankful I could read the action today so cleanly. Caught little more of this short squeeze on the break back above 47 again after losing it.
 
mervyn said:
back to 200dma, , if we can close above it. next week would be interesting and dip buyers may be back.
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Pretty much yup. Still concerning the amount of effort and the amount of shorts / sellers they needed to trap to get to this level. Don't get me wrong it does make sense given the Weekly/Monthly at the same time it is a pretty bare bones target for the Daily.
 
Let's see what happens next week guys, but may soon be time to horn some bears. Would like to see the markets trade above and also candle close some Daily EMA's.

But NQ Daily has a distribution zone up there at 15605-15987, the one I was mentioning and trading off of prior to the move down. It's very common for us to go back and retest that zone after a buy signal.

I know it seems really far away... and too early to call for that. Just saying if we start to clear some benchmarks and markets get bullish, that will be my ultimate target.

I'll be going into next week neutral though. Really need to see Sunday night / Monday morning action. Than I'll look at the probabilities and decide what bias I'll have (if any) for Monday 9:30am trading.
 
NoahA said:
Hey Spooz, quick question. You mentioned this sell zone, which I can see about 4422 since this was the previous day high, but since you were using the trendline that goes back to Jan 13, I thought you would be looking out for 4380 more so first. Is this the trendline you have been referencing in your posts?

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NoahA said:
Hey Spooz, quick question. You mentioned this sell zone, which I can see about 4422 since this was the previous day high, but since you were using the trendline that goes back to Jan 13, I thought you would be looking out for 4380 more so first. Is this the trendline you have been referencing in your posts?

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Correctamundo… that proved to be a viable inflection point for reaction… further down we move with multiple tests north… it could up and eventually we’ll get to the magnet of 4420
 
The probability is extremely high for more on the upside sometime on Sunday overnight to Monday RTH. But it might get boring on Sunday night as PA is likely trading in a sideways range.
 
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