ES Journal - 2021/2022

wiesman02 · May 7, 2021

77 is the 50% retracement of the swing. Doubt it gets there but it’s also good support

Master Pu · May 7, 2021

Let's see if sell after NFP will apply, after all the numbers weren't great.

wiesman02 · May 7, 2021

I stop staring at the market for 4 mins and it goes from 96 to 08. So much for that pullback

Laissez Faire · May 7, 2021

Laissez Faire said:
I think we print new ATHs tomorrow. I would guess 4215 / 4220.

As day traders - let's just hope we don't open with too big a gap.

As foretold.

This could be it, but I would assume 4220/4225, although it's a bit dizzying up here.

Laissez Faire · May 7, 2021

Attacking Mid said:
Someone's got to take the other side of the trade around here.... short 4210

Payrolls came in way under what was estimated. In this market, it may not matter, but...

AM.

Bad numbers = more stimulus = bullish.

Good numbers = bullish.

I think this market divorced reality (fundamentals) a long time ago. Better to just trade it technically, IMO.

I stopped looking at news releases a long time ago. Just good to be aware of the timings as it could shake up volatility.

Unannounced releases seems to be the ones that could stir up things.

Master Pu · May 7, 2021

Laissez Faire said:
Bad numbers = more stimulus = bullish.

Good numbers = bullish.

I think this market divorced reality (fundamentals) a long time ago. Better to just trade it technically, IMO.

I stopped looking at news releases a long time ago. Just good to be aware of the timings as it could shake up volatility.

Unannounced releases seems to be the ones that could stir up things.

This won't end well.

Laissez Faire · May 7, 2021

Master Pu said:
This won't end well.

We live in interesting times.

Attacking Mid · May 7, 2021

Try again... short 25.50. Will avg. up once if it climbs to 50 or so.

AM.

Laissez Faire · May 7, 2021

We're up 1,2 % on the week. 0,8 % on the day.

Definitely more upside potential and it's a trend day so far.

I'm flat and sad that I exited too early, but done for the day/week. Seems risky to short and risky to go long.

wiesman02 · May 7, 2021

Fomoed in at 11 in my play/discretionary account. Rather surprised we ran like this but no complaints