I dont see anything bearish about it. Maybe its some good consolidation before the next thrust to the upper line. A 10 to 20% pull back would also be great to continue the mania
ES Journal - 2021/2022
- Thread starter Buy1Sell2
- Start date
I dont see anything bearish about it. Maybe its some good consolidation before the next thrust to the upper line. A 10 to 20% pull back would also be great to continue the mania
We could have the LOD now, but it's too early to nail it down, IMO. Still some downside risk here.
88/90 as potential resistance above. If we can take out those and eventually print 93 + - I'd feel more confident we have the LOD. Right now it's a bit uncertain, IMO.
88/90 as potential resistance above. If we can take out those and eventually print 93 + - I'd feel more confident we have the LOD. Right now it's a bit uncertain, IMO.
3760 would be the target to the down. I'd say about 40 % chance of that happening. So, the day is kind of open at the moment from my point of view.
We could have the LOD now, but it's too early to nail it down, IMO. Still some downside risk here.
88/90 as potential resistance above. If we can take out those and eventually print 93 + - I'd feel more confident we have the LOD. Right now it's a bit uncertain, IMO.
I don't know about ES cuz I've not taken a look at it. NQ still has a leg to go up higher than previous high (i.e. higher than 12950 and is currently trading ~12887) once it's done with consolidation phase. We'll see....
TICK DIV on that drop.
Long 80,50. Tight stop.
Long 80,50. Tight stop.
Scratched it for - 1,5.
I'd be a bit surprised if we don't see 62 now, but always spooky being short this market.
NQ is the stronger one today for sure.
However, my model indicates a good chance of move to 3760-62 today on ES as long as we stay below 90-91. The day is still young so it may happen later in the session.
However, my model indicates a good chance of move to 3760-62 today on ES as long as we stay below 90-91. The day is still young so it may happen later in the session.
NQ is about 50 bp stronger than ES right now. I consider this bullish relative strength as part of my risk appetite indicator. Still, I’m not convinced the market indexes are “All systems go!” right now. Actually, I am net short 20 deltas if ES right now on a recent order.
Edit: Now 10 deltas short.
Edit again: Another thought: I have been noticing more activity on ES during this session’s rallies.
Last edited: