ES Journal - 2021/2022

[Zodiac4u]

staying in cash, it is not a bounce until wall street confirms fed's timetable.

There are two markets at play, one that doesn't care and one that cares,

 

[Zodiac4u]

$ES V-WAP at 79.25, once over I think $SPY will be at 70 today,

 

[vanzandt]

A spike out of the gate north of 4725 would be a good entry short I think on the ES.
I don't see it going much higher before the bell at least. If it does... I would really be surprised.
I'd use limits and keep moving them down but keep them about 9 points above the current price.
Catch a spike to get in on the way down. If we get a big drop out of the gate, don't chase it. Raise that limit to 17 points at least.

It looks like it got to 4731 out of the gate.
That 9 point limit would have worked on the first dip to 4717, it went to 4928.
Not bad, but where now?
Hmmmm.
No opinion yet.

 

[mervyn]

luckily got out at 4680, merely 2 points from 4678 entry in the later morning.

dropping before the market close, doesn't look very good tomorrow. will test 4600 before wednesday.

 

[Builder17]

this would seem to be a week to be nimble (or lucky if sticking with bias)

 

[formikatrading]

I'm still not bearish yet overall despite today's move -- which I didn't see coming and should have. The key is still small caps and whether they can get in gear.

 

[wiesman02]

Market top was yesterday, if...... This area fails. Looks like we have the classic broadening / megaphone pattern on the 4 hour chart. Take a look. its textbook.

Most longs have been flushed out on Mondays move down after the trading range started Tuesday. Shorts starting to develop positions as evident by Mondays volume.

Price is likely to chop in this area until an obvious lack of demand, or lack of supply is present. I'm looking to short but expect longs to make one last impulse attempt up, allbeit probably a pathetic one.

Gonna be an interesting week.

 

[tiddlywinks]

Market top was yesterday, if...... This area fails. Looks like we have the classic broadening / megaphone pattern on the 4 hour chart. Take a look. its textbook.

Most longs have been flushed out on Mondays move down after the trading range started Tuesday. Shorts starting to develop positions as evident by Mondays volume.

Price is likely to chop in this area until an obvious lack of demand, or lack of supply is present. I'm looking to short but expect longs to make one last impulse attempt up, allbeit probably a pathetic one.

Gonna be an interesting week.

Rollover, quad witching, and end of year shenanigans seems to have been disregarded in your thesis. Plus extra buttery popcorn for the general economic calendar and DC animaniacs too.

Happy Holidays

 

[Overnight]

Rollover, quad witching, and end of year shenanigans seems to have been disregarded in your thesis. Plus extra buttery popcorn for the general economic calendar and DC animaniacs too.

Happy Holidays

Mreh, I think Spielberg should have stopped after Pinky and the Brain became popular during the Animaniacs run. He went off the rails after that.

 

[wiesman02]

Rollover, quad witching, and end of year shenanigans seems to have been disregarded in your thesis. Plus extra buttery popcorn for the general economic calendar and DC animaniacs too.

very astute observation