ES Journal - 2021/2022

The Daily setup worked so at least some bulls here. I am going to keep looking for longs seeing if the Weekly setup also hits it's target or at least take out the last relative highs again.

Hopefully don't regret being aggressive here.
 
Concinnity said:
ES Weekly resistance was adjusted based on the action. Not a huge change but new level is 4402.00 so that would be the new bare bones target. Not my best day trading... but profitable and currently on the right side of this long.
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Close enough to 4402. Almost fully flat now.
 
c1rcle said:
Getting into a medium term short here on the NQ
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I was getting close to shutting the short down, but this drop has kept me interested again now. If the ES gets back under the trendline, tomorrow could be a big down day for NQ/ES
 
Concinnity said:
Close enough to 4402. Almost fully flat now.
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We tagged first Weekly resistance on ES, which tends to provide both a good target and also at least some pullback after prolonged down move. So leaning slightly bearish now and have 4361-4365.50 on ES below us as a level we would typically pull back to, so think that's pretty good probability to happen overnight / tomorrow.

If we trade above 4002 for very long intra-day tomorrow though that's going to open up 4464-4482 ish and again will lighten my bearish bias if that happens, similar to what I have done past few days.
 
Concinnity said:
We tagged first Weekly resistance on ES, which tends to provide both a good target and also at least some pullback after prolonged down move. So leaning slightly bearish now and have 4361-4365.50 on ES below us as a level we would typically pull back to, so think that's pretty good probability to happen overnight / tomorrow.

If we trade above 4002 for very long intra-day tomorrow though that's going to open up 4464-4482 ish and again will lighten my bearish bias if that happens, similar to what I have done past few days.
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Here is the expected pull back into the 4361-4365.50 which is often used as an accumulation area for higher up. Trading much below 4361 is not good for bulls. Even though we had some nice up movement past two days, I am still going to be very careful here. If we were in a clear bull market I'd be more aggressive in this zone, but that is not the case so right now just using the zones as an expected pullback area. Will need to wait for the open and see some setups / triggers before taking a trade and taking them as they come just to be safe.


If see anything else of high probability will post. Otherwise good luck today.
 
Concinnity said:
Here is the expected pull back into the 4361-4365.50 which is often used as an accumulation area for higher up. Trading much below 4361 is not good for bulls. Even though we had some nice up movement past two days, I am still going to be very careful here. If we were in a clear bull market I'd be more aggressive in this zone, but that is not the case so right now just using the zones as an expected pullback area. Will need to wait for the open and see some setups / triggers before taking a trade and taking them as they come just to be safe.


If see anything else of high probability will post. Otherwise good luck today.
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Welcome to the ripper. Now just need to deal with 4002 on ES, if going to get an actual bigger bull move.
 
I've used up a lot of my clear and high probability information for today that I see. Also ES is trading above 4402 for decent amount of time, but not getting the clear push through move I was looking for. Therefore going to back off some now and trade light and carefully here. Waiting for a clear setup and/or another clear probability to present itself.
 
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