Ou 3833.50 for loss of .5 pt
ES Journal - 2021/2022
- Thread starter Buy1Sell2
- Start date
I think 3854 is a upside target - from there a swing down to 3810 to 3790 - before a run to ATH's. Yes upside momo is strong on this leg, sure does want to blow through this ATH top.
B1S2 surley the recent upswing has nullified the macro downturn signal that you got?
No. Not yet. Downtrend intact in my view. I continue with short bias for now and view this as a bounce.
NQ weak again - just like yesterday. Not helping. 
Should be a bounce zone here (38). But probably wise to be cautious to the long side...
Should be a bounce zone here (38). But probably wise to be cautious to the long side...NQ basing and putting in an possible IHS bottom. 40 remains pivotal. If NQ can pick up some steam here and this 40 level holds - looks like up we go?
What would change your mind?
I was bearish going into this week, but changed my mind pretty much on the Open on Monday where Tuesday and Wednesday only confirmed that view. For the bearish scenario I was anticipating a break below last week's low, but that didn't happen.
We can of course print a double top here and reverse lower, but to me it doesn't seem obvious that we're in a down trend on higher time frames. At best a trading range, IMO.
A breakout of ATHs and then confirmed continuationWhat would change your mind?
I was bearish going into this week, but changed my mind pretty much on the Open on Monday where Tuesday and Wednesday only confirmed that view. For the bearish scenario I was anticipating a break below last week's low, but that didn't happen.
We can of course print a double top here and reverse lower, but to me it doesn't seem obvious that we're in a down trend on higher time frames. At best a trading range, IMO.