ES Journal - 2021/2022

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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It is actually in a risky spot. As long as there is no earnings surprise circa 4400 is still possible. Atleat somewhere closer to ATH is very much possible.
If you have 10 or 15 points target yes. Anything longer is risky.
 
Laissez Faire said:
Someone is buying stocks today.

But not tech stocks, seemingly. NQ still within yesterday's range...
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Honestly, this is the easiest and most ridiculous market I've come across in my 13 years trading. Wednesday we are down 70 points off the lows off almost zero news. Now we are back to where it was. Big time head scratcher, but easy to pad the pockets
 
wiesman02 said:
Honestly, this is the easiest and most ridiculous market I've come across in my 13 years trading. Sunday into Monday. Wednesday we are down 70 points off the lows off almost zero news. Now we are back to where it was. Big time head scratcher, but easy to pad the pockets
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Yes. It's been a great market lately. Plenty of opportunity.

Early day for me today and not as profitable as yesterday, but still money in the bank.

Have a good weekend, traders! :)

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Not sure about easiest market comment. This market tests patience and is tempting. I had so made my mind to stop going long but once I saw dip down below 4300, I couldnt resist. Got out of all positions except one. Greed is hard to overcome. Since earnings cannot sustain these levels, it will have to come down hard. No one is taking money off, presumably no place to go.
 
Monster upday and close at all time highs and earnings starts next week?
Have to imagine we see quite a few big up days on ES going forward.
I'm guessing 4600-4800 area is our next target. Looking to take some 'swing Longs' on ES on Monday
 
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