ES Journal - 2021/2022

[Buy1Sell2]

When I see a weekly bar, like last week,close outside the top of the Bollinger Bands, I begin to become wary of the long side and look for prices to decline at least short term-----and many times, long term.
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The 20 week SMA there in the mid 4400's is certainly in play right now.---We're in the 4650's right now.

I'm still looking at mid 4400's being in play---and perhaps much more.

 

[Buy1Sell2]

We are trading right near the early Sept high. A break of this suggests at least the mid 4400's in the very near term.

 

[Zodiac4u]

$4?!?!?

And they say there's no inflation...

, well if you took his $SPY call this morning, you would be up on the $ES over 50 points, that would have helped,

 

[Relentless]

, well if you took his $SPY call this morning, you would be up on the $ES over 50 points, that would have helped,

I dont even see a call? Are you talking about the "$spy ALL SOUTH" tweet?

 

[ElCubano]

Tough to commit to the short side from here even though I can see the downside potential below 50.

Flat on my shorts. I'm going to enjoy the spectacular weather we are having .

 

[Buy1Sell2]

A close right here around the 4530 area I think would bode very well for the short case. I don't want a quick drop, I want a sustained downtrend.

 

[easymon1]

ES channel 30m - https://www.elitetrader.com/et/thre...t-right-here-baby.343012/page-15#post-5499422

 

[Buy1Sell2]

ES channel 30m - https://www.elitetrader.com/et/thre...t-right-here-baby.343012/page-15#post-5499422

What are we looking at there?

 

[easymon1]

What are we looking at there?

Can you be more specific?

 

[tiddlywinks]

ES 24hr WEEKLY

1) 4200 or so is some sort of short term support.
a granular look, suggests 4460 or so is some sort of IMMEDIATE support.
2) volume this week is heaviest since March
3) With the CR passed, Biden budget moves closer to possible enactment. 2021 is less onerous taxation, barring retroactive.