Loss of 5.75 pts. Will continue to look short.
ES Journal - 2021/2022
- Thread starter Buy1Sell2
- Start date
We should be getting up here to the area where a plateau will occur and the down-move will continue. I continue with my long term short bias.Definitely a strong push higher here. We could see 75/80 from here, unless this is an Inside Day.
However, in such volatility, it's easy to see UP and only think UP. But that UP can be part of today's bigger DOWN.
If lower on the day, though, I imagine we shouldn't go much higher than this if we are to reverse lower at all...
Definitely possible. We've had days like this which reversed hard - but they are less likely the longer spend above 3740/45. A new HOD seems like the most likely play now...
How bearish are you by the way? A 10-15 % correction or more?
Probably a lot of shorts who were expecting a crash lower today with continuation from Friday. Would make for a good squeeze on the day. 75-80. Then maybe lower later this week.
Tricky game, this.
Tricky game, this.
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I see 15 to 20 as minimum. If wrong, I'll get back in long at some point.
NQ filled gap above an hour ago. ES lagging, but should at least see a pop above 70 now. Hopefully 80. I'm curious if we could trade even higher than that on the day?
An Inside Day would be disappointing...
An Inside Day would be disappointing...
FINALLY!!! Big block trades on the long side are disappearing.... My experience tells me that we're likely to see few small up legs for any pull back.