ES Journal - 2021/2022

[NumberZ]

https://www.investopedia.com/terms/s/santaclauseffect.asp


What Is a Santa Claus Rally?
A Santa Claus rally describes a sustained increase in the stock market that occurs in the last week of December through the first two trading days in January.

Thank you @Buy1Sell2, I thank you for helping a market newcomer like me!

 

[Buy1Sell2]

Charts tell me not to reverse and get long just now, so I will stay short through the bounce.

 

[ElCubano]

Charts tell me not to reverse and get long just now, so I will stay short through the bounce.

not easy with those violent retracements. Good luck

 

[Buy1Sell2]

Monthly chart that closed yesterday suggests a much larger pullback.

 

[Buy1Sell2]

RED RED RED!---Can we make it an outside day?

 

[ElCubano]

NZ give us the 'Down goes Frazier"

 

[Buy1Sell2]

RED RED RED!---Can we make it an outside day?

Ok we've got the outside day. The question is will it close down here?

 

[Buy1Sell2]

Ok we've got the outside day. The question is will it close down here?

Ok--that's enough---let's not get ahead of ourselves. We want a good steady downtrend not a wallop.

 

[ElCubano]

Charts tell me not to reverse and get long just now, so I will stay short through the bounce.

Great call bro

 

[Zodiac4u]

Ok--that's enough---let's not get ahead of ourselves. We want a good steady downtrend not a wallop.

Today will mark the 2nd Bearish engulfing daily close, and last week we had a bearish engulfing close in the weekly, but the Monthly isn't showing anything it hasn't shown us before,