ES Journal - 2021/2022
- Thread starter Buy1Sell2
- Start date
The buyers from 13:46 are ready to hit the bid any minute now. 
Or maybe not...
When I spoke about a triple bottom earlier and @Buy1Sell2 said we haven't had a double bottom yet, I was referring to the June low and the bottom/reversal we had on the 30th of September and the 3rd of October.
Of course, we overshot the exact June low by a bit, but close enough in my book, although others may have different and more exact definitions.
So, if that counts as a double bottom I'd count today's attempt at the year low a triple bottom.
If it doesn't count, I'll call today's LOD a double bottom measured against the 30th of September.
When I spoke about a triple bottom earlier and @Buy1Sell2 said we haven't had a double bottom yet, I was referring to the June low and the bottom/reversal we had on the 30th of September and the 3rd of October.
Of course, we overshot the exact June low by a bit, but close enough in my book, although others may have different and more exact definitions.
So, if that counts as a double bottom I'd count today's attempt at the year low a triple bottom.
If it doesn't count, I'll call today's LOD a double bottom measured against the 30th of September.
That would have been nice. But like I said, today's just another meandering day.The buyers from 13:46 are ready to hit the bid any minute now.
Looks like it...
Probably a bit too late for a big move higher before the official Close, so most likely a close between 30 and 50.
I'm positioned long anyway just in case and will see where it goes.
Question is - higher or lower going into Thursday's big mover?
We're already down quite a bit from last week, so my simple and naive view/guess is that we're likely to see a move higher first and sell off post CPI if at all.
We're already down quite a bit from last week, so my simple and naive view/guess is that we're likely to see a move higher first and sell off post CPI if at all.
A wasted afternoon. 1 tick gross profit. Hardly enough to offset my loss from the overnight session...
From my POV, we're in a difficult spot right now here at the lows. I've been a bit of a bear lately, but I'm finding it harder to trade the short side lately.
Maybe range bound until Thursday...
From my POV, we're in a difficult spot right now here at the lows. I've been a bit of a bear lately, but I'm finding it harder to trade the short side lately.
Maybe range bound until Thursday...
Probably...
In any case, history always repeats itself so this is the trajectory that I'm following.
Weekly ES
Don't forget the monthly chart which looks like a "disaster" as of now...
