ES Journal - 2021/2022

Wasn’t expecting this much of a sell off. Looks a tad ominous now from a longer term perspective, no ?

Neither did I.

Re: long term - does anyone have a clue at all?

Big picture we're not that much from the ATH. Approx 2,5 % as of now. Seems to me that any time there's anything resembling a correction we snap back up anyway.
 
Neither did I.

Re: long term - does anyone have a clue at all?

Big picture we're not that much from the ATH. Approx 2,5 % as of now. Seems to me that any time there's anything resembling a correction we snap back up anyway.

you might be right. But we have a nice bull trap right now if this continues back to 3800. Can’t remember the last time we had this nice of a bull trap before before continuation down. Maybe y’all could refresh my meomory on that
 
Neither did I.

Re: long term - does anyone have a clue at all?

Big picture we're not that much from the ATH. Approx 2,5 % as of now. Seems to me that any time there's anything resembling a correction we snap back up anyway.

3855 was just YLOD and a nice accumulation of stops.

Once we test that low ~3810 &that zone holds, this should make a run to ATH. Upside macro momo is still very strong and YM very bullish
 
Bought a March 5, 2021 VXX 15/17 bull call spread yesterday afternoon, not so much as a market prediction, rather as a volatility prediction. The market just seemed “Too loose” to be at current “Low” vola levels. Up better than a double right now and holding on.
 
Bought a March 5, 2021 VXX 15/17 bull call spread yesterday afternoon, not so much as a market prediction, rather as a volatility prediction. The market just seemed “Too loose” to be at current “Low” vola levels. Up better than a double right now and holding on.
What was the cost?
 
you might be right. But we have a nice bull trap right now if this continues back to 3800. Can’t remember the last time we had this nice of a bull trap before before continuation down. Maybe y’all could refresh my meomory on that
Define bull trap for our reader please
 
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