ES Journal - 2021/2022

[chillibean]

L 4217

+25

 

[Rickshaw Man]

Can you even forecast the direction of the move if you knew the CPI data right now? If its high, will that make the market tank, or will it be bought up because nobody wants to stay in cash? Economic numbers, now more than ever, don't mean a damn thing. Bad numbers are good for the markets!

You sir are correct. What used to matter...matters no more. The FOMC is running the show so up we go.....Bad economic data is good, it means the FOMC with its unlimited cash will keep pumping everything higher. When we do get good data, the FOMC mouthpieces are quick to point out. Tapering is nowhere in sight.

 

[donnap]

I'll be getting long on this pullback.

I don't know where, yet.

 

[donnap]

Well, no point in posting a trade ex post facto.

It went well enough.

I also have the 4210/4220/4230 put fly. DT legged in for a credit. Tomorrow's expiry.

The only way it makes money is a drop inside or near the body. We'll see tomorrow.

 

[Laissez Faire]

4300 this week.

 

[Vtechno]

4300 this week.

Climbing the stairs

 

[Laissez Faire]

Weak pullback. Bottoming out here or around 4220/25 is my guess.

Two Outside Days last week. The 3rd one in a short period of time if we trade below 4221,50 today.

 

[Laissez Faire]

All the major moves up last week was preceeded by a decent down move.

Still a bull market, but not a smooth one. Volatile.

 

[donnap]

I'm in long from 4238

 

[Laissez Faire]

This journal is as dead as the market (ES) right now.

Only 3 days this year with a range < 15,00 points. Friday being the last one.

NQ flirting with ATHs and ES lagging behind. Still a fairly weak pullback and what appears like consolidation to me. Probably a dump to 20 into the Close or a push back up above 32 from here.

Taking out the morning high today would be nice, but unexpected.

EDIT: That's a typo. Only 2 days earlier this year. Friday 28th of May being the last one.