Anticipating a test of yesterday's LOD today (4334.75). If that doesn't hold - it could get interesting. Not that far below to last week's low (4293.75).
Should be good ranges to play either way.
Should be good ranges to play either way.
ES Journal - 2021/2022
- Thread starter Buy1Sell2
- Start date
Gap buyers showed up.
Grabbed a piece of that pop.
No strong read for the day ahead. Could rip and take out yesterday's HOD, but yesterday's LOD is still in play, although it's shaping up to be pretty bullish right now.
No strong read for the day ahead. Could rip and take out yesterday's HOD, but yesterday's LOD is still in play, although it's shaping up to be pretty bullish right now.
We'll see how this plays out but there were some positive divergences on the daily chart yesterday. I also think the RTY daily chart looks like there could be decent support so can't rule out the correction has run its course.
Yesterday's low was 76.4% retracement.
We also hit my wash-out selling threshold yesterday which often leads to a bounce
Both NQ and RTY took out yesterday's lows and reversed -- looking for the rebound now.
We'll see how we finish up. Sometimes you might have a pretty good idea of where the market is going but harder to pinpoint the exact path it takes to get there.
We'll see how we finish up. Sometimes you might have a pretty good idea of where the market is going but harder to pinpoint the exact path it takes to get there.
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Not much of a bounce today.
So shifted focus to RTY here -- much easier for me to see logical support. I'm in off lows this morning but will put stops in place.