ES Journal - 2021/2022

[mervyn]

doing ok today, 3 short and 4 long trades for the v, but missed the run up.

 

[Builder17]

how much more meat could be left on this bone?

 

[mervyn]

how much more meat could be left on this bone?

4600

 

[Zodiac4u]

how much more meat could be left on this bone?

$SPY options are saying $460.

 

[Zodiac4u]

$ES somewhere between 93 to 4600.

 

[chillibean]

Just curious are you still in this $ES trade of yours? I'm thinking that $SPY daily has plenty of room left, but are you thinking we take out the prior high?

Hiya.
Only just seen this lol.
Yes, i'm still in Long. Nothing has changed. Expecting more of the same going forward. 5k ES next

 

[mervyn]

what is the average trade volume here?

 

[mervyn]

See the 20 points drop after Apple news, am watching NVDA earnings next week, maybe we are due for a drop if no one can buy stuff before thanksgiving.

 

[smilingsynic]

$SPY options are saying $460.

Three separate measured moves, two of which go back to the 218.26 COVID crash, point to 460 on the SPY.

218.26 to 358.75, and then back to 319.80. Add 140.49, and the sum is just over 460.
pre-pandemic high of 339.08 to 218.26 is roughly 121. Added to 339 is 460.
The other measured move is based on this week's price action, starting from Monday.

 

[Zodiac4u]

$ES somewhere between 93 to 4600.

$ES- 4601 and almost on the SPY, just shy of $460