Last day of month.
ES Journal - 2021/2022
- Thread starter Buy1Sell2
- Start date
Last day of month.
Seasonal weakness. My monthly / weekly reads were down for this month / week so momentum to upside hard to come by.
Volatile. Probably a lot of positions being unwinded on last day of month.
We had two Inside Days in a row recently which is kind of rare. Unless that repeats again today - we should trade below 45 or above 77 today.
I'm leaning long from here, but staying flexible on that view...
We had two Inside Days in a row recently which is kind of rare. Unless that repeats again today - we should trade below 45 or above 77 today.
I'm leaning long from here, but staying flexible on that view...
Definitely downward pressure on higher time frames, so long here is counter trend.
FWIW, the last trading day of September closed positive net the last 4/5 times. So there's a positive bias on that basis alone. Doesn't mean we can't dip lower first even if this bias turns out correct, of course.
drill team six reporting for duty lol
Everyone's conditioned to buying dips by now. I imagine a few people must have been hurt on these last few trend days down.
I tried to buy some dips. Didn’t get killed but clear that the monthly / weekly “cycles” in control. We are at the end of the month - for now, expect to see October close higher but we shall see.
Slide south as anticipated... support found at the NL on the Daily H&S top... It`s all about the Daily right here... break the NL & we slide south quickly... perhaps a steal the move on the overnight... we shall see!