Anticipating new highs here, but not a day to be greedy on this range bound day. I'd be happy with 96.50.
Unless NQ reverses - I don't see ES rolling over today.
Unless NQ reverses - I don't see ES rolling over today.
ES Journal - 2021/2022
- Thread starter Buy1Sell2
- Start date
took a lil heat again on the morning move. Back to profit now and waiting for a decent bit of upside before taking profit
rode another 23.75 points from 4689 to 4693.75 before that red red candle finalized. You have to dial in and focus on 2000 4000 ticks and 1 5 minutes chart intensely for at least 15 minutes. done for the day.
scaled down my position to 5 lot each since Monday, win small and lose small.
scaled down my position to 5 lot each since Monday, win small and lose small.
Just lots of momentum indicators not supporting this move -- once it got to a higher risk point yesterday I sold.
I’m short 1 MES from this afternoon @ 4688.50. I’m bothered by the recent weak consumer confidence numbers and weakening macro environment. Looking at VIX divergence, it appears I’m not the only one with this sentiment. While my stop is tight, I will be putting on size on most any future technical sell signals and may even fade a new ATH, if seen.
I still respect the power of buyers as was particularly evident at the RTH session double bottom last Friday and will not get stubborn with an underwater short position. Further, I am expecting the Fed to continue to be more bark than bite on tightening for a long time, potentially continuing to provide support for this market.
You should be ok on this.
Your stop will probably get hit however.
I'd loose it and roll the bones.
There might be a spike north out of the gate tomorrow, but I think by Friday we'll be decently lower.
This was just one of the many things I saw -- my custom momentum indicator showed signs of losing steam.
