ES Journal - 2021/2022

[Overnight]

This was just one of the many things I saw -- my custom momentum indicator showed signs of losing steam.

View attachment 271325

#goBulls

 

[Buy1Sell2]

Likelihood is high of a 50 point down day today, Fri or Mon.

 

[vanzandt]

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.

Did you do this:

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.

I hope you did. I try not to give advice unless I'm pretty sure.
It worked out as planned.

 

[Builder17]

Likelihood is high of a 50 point down day today, Fri or Mon.

Winter is coming.

hoping we dont make another run at 4700

 

[Buy1Sell2]

Winter is coming.

hoping we dont make another run at 4700

We certainly will make 4700 attempts in my view. Bias is downward for now.

 

[vanzandt]

We certainly will make 4700 attempts in my view. Bias is downward for now.

"In the fullness of time."

 

[mervyn]

stop loss 75 points, in consolation nvda calls shot up.

also bought 5 mes for june 2022.

 

[BeautifulStranger]

Did you do this:



I hope you did. I try not to give advice unless I'm pretty sure.
It worked out as planned.

Stopped out at 4689.25 last night for a loss of .75. Was not able to watch market, so major short trade not entered as of yet.

As much as I respect your trading acumen, please understand when I trade, I average about 20 trades per day that can represent ideas over different time frames in different markets. In other words, I’ll give you credit for your good calls, but not hold you accountable for my losses.

 

[mervyn]

stop loss 75 points, in consolation nvda calls shot up.

also bought 5 mes for june 2022.

nursed back 22 points, all the calls on this board is wrong, tricky week.

 

[Rickshaw Man]

Everyone is shorting, so strange.