ES Journal - 2021/2022

Laissez Faire said:
Would assume 4220 or more if we take out the HOD, but I'll probably be satisfied with 15 for my exit.
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SHORT SQUEEZE! :)

Could easily see 4330 and even 4340 by the Close if momentum picks up. Only air above. But 4320 would be the initial target.

Took some heat on the Open, but added some on the way up. Will probably pull that limit if I'm around and I see MOMO through that level.

upload_2021-7-8_17-44-12.png
 
Let's try this.

I feel fairly confident we'll see 4319/20 with a good chance we can actually trade all the way up to 30 or even 40. But I can't know if we'll get a good dip first and I don't want to risk giving back all this profit. With my main scenario - we won't.

So, locking in some here. I will trail tightly and see what's up around 4320. If I get really lucky - we might get a good squeeze higher without much pullback.

upload_2021-7-8_17-57-0.png
 
I suppose + 38,00 points off the lows without a 10 point retrace is as good as it gets on ES. Stopped out on a trailing stop on that one, but still an okay pay day.

Still looks pretty bullish to me. Could drop to 4300 even and I'd still be pretty bullish on the day.
 
wiesman02 said:
They wouldn't dare let the weekly bar close red right guys ? Looking for some confirmation bias before I click the green button
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Bring on the vol. This paint dry melt up is zZzZzZz...

How about a nice gap down and a close on the lows to end the week?

As an aside - internals have been rotting. Look at a chart of the Trans / XLF... and IWM as well.

Unlikely - but I'd love to see a sub 1% 10 yr print. Then you'd get to see a "Sell Everything " parade.
 
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