Agreed, this is just a short term trade ready to go short again.
ES Journal - 2021/2022
- Thread starter Buy1Sell2
- Start date
Agreed, this is just a short term trade ready to go short again.
Potential FBO here at the LOD @ 09:50.
With last week's LOW taken out, I don't feel I have much to lean on here. Even if we do slide to 3850, I have a hunch it won't be easy and there will be several attempts to defend this level. And with OPEX going on today, who knows how that factors into all this.
I'll be counting my blessings this week and calling it a weekend. My piker account grew today as well.
I'm not going to give it back getting chopped up as the big players fight this out. More directional moves next week I think.
With last week's LOW taken out, I don't feel I have much to lean on here. Even if we do slide to 3850, I have a hunch it won't be easy and there will be several attempts to defend this level. And with OPEX going on today, who knows how that factors into all this.
I'll be counting my blessings this week and calling it a weekend. My piker account grew today as well.
I'm not going to give it back getting chopped up as the big players fight this out. More directional moves next week I think.
No longer a FBO at 09:50, though. Could be one @ 09:55 now, though. Maybe wait for 10:00 to see if that could stake out a direction.
It's too uncertain for me. Good luck all.
It's too uncertain for me. Good luck all.
Short now instead
From my POV a long above 3879 with a 5-10 point stop (at your own discretion) could be worthwhile.
Targeting 3896 - 3920.
3886 is last week's low, so that could be a hurdle to the upside worth paying attention to.
That would be my play if I stuck around, but I closed down shop. Early longs could load up already.
Targeting 3896 - 3920.
3886 is last week's low, so that could be a hurdle to the upside worth paying attention to.
That would be my play if I stuck around, but I closed down shop. Early longs could load up already.
Sell the rips is all I am looking for.
Those who think the market is random can observe how the market pulled back from the 3886 hurdle I mentioned above just now on this initial push.
A pullback to test the opening range high now.
If we thrust higher again back into last week's range, I'd be slightly (but not very) surprised if we don't see at least 3920 today.
A pullback to test the opening range high now.
If we thrust higher again back into last week's range, I'd be slightly (but not very) surprised if we don't see at least 3920 today.
Market makers most likely want this to close in the 3900 - 3950 range today. And I assume there's plenty of hungry and greedy dip buyers who will help them out.
Headed lower eventually, though. But maybe not today?
Headed lower eventually, though. But maybe not today?