ES Journal - 2021/2022

[mervyn]

L 4323 C 4436

next target 4348, yesterday's body high

target met. will wait and see rest of the session, don't want to push it, drawdown is not fun.

 

[vanzandt]

Congress is on vacation. Pelosi kicked the can to Halloween.
Wall Street hates the unknowns, but it loves a near term no news environment.
That's what we have at the moment.



Spooz.... i think you're wrong brother.... as I wrote... we're heading north. Near term at least.
4294

Best day for the S&P since July 20th.

 

[donnap]

we're heading north. Near term at least.
4294

Good call, vanzandt.

 

[vanzandt]

Good call, vanzandt.

Thanks.
I just look at it like, in theory at least, the market at any given moment has priced in all the known variables. Since nothing earth-shattering will come out of DC for at least a few days, the old adage "never short a dull market" applies. That and I felt there was probably a pretty high degree of retail capitulation yesterday. Pretty easy call really.

 

[Relentless]

Pros close. That was a really poor finish. Strong days close near their highs.

We will see another leg down but it looks like we play the range game for now.

Amazing ranges for trading that's for sure.

 

[Spooz Top 2]

Spooz.... i think you're wrong brother.... as I wrote... we're heading north. Near term at least.
4294

Welp... Sounds like we have a trade between us then!

I`m still holding core short position from up around the 9/27 Hang man... As i`m going for the whole enchilada here... No exceptions!

I see some newly indoctrinated perma Bullys are celebrating today`s PA... which is really nothing more than a mere buildout phase...OVB- IVB- OVB- IVB off a weak bully close!

Pro`s need to hit from both sides of the plate & demonstrate conviction when one sees the pitch coming right down Broadway that you can drive!

Patiently awaiting my heavy- heavy slide South!

-Steve

 

[vanzandt]

Patiently awaiting my heavy- heavy slide South!

-Steve

You'll get it. That 4000 level is ripe for testing. I get 3980 when I draw the lines.
Wanna see something scary?
Look at a 15 year of the Russell. (IWM)
That one has a 10% drop in it easy. Easy!

 

[Laissez Faire]

My crystal ball is a bit fuzzy at the moment - but wouldn't be surprised to see the gap from yesterday @ 4335 filled by today's Close.

NQ holding up well so far, but too early to call a bottom.

 

[Laissez Faire]

Yeah. 15 points of free money above today's HOD when it's taken out.

 

[Laissez Faire]

FBO on that first thrust, but I still think that's the target for today.

Wrong below 90.