ES Journal - 2021/2022

[c1rcle]

Here is the chart that was posted.
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And this was the tweet that came with Dix pic.

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I make no claim to know anything about this. But I find it interesting. And I am looking into it. Maybe some here know something?

Thanks for sharing. This does look interesting. I had a quick look at the data using the below.

https://squeezemetrics.com/monitor/dix

Just at a glance, it looks like this might be better used to predict a drop rather than a sudden rise. What do you think? I am also not convinced that this data explains the sudden spike yesterday after the bad news. Although if enough people believe something then that in itself can make it happen.

My purely speculative view is that the market is being pumped to allow big players to get out of the market at a higher price before a much bigger long term drop.

 

[NumberZ]

What do you think?

I'm sorry I'm not the one to ask. Still new to much of this. Very to to the DIX references in particular.

ust at a glance, it looks like this might be better used to predict a drop rather than a sudden rise.

I think that is sorta the point? What looks like should be bearish is really hidden bull pressure? I'm not pretending I know. Worth some effort I think. Won't change the way I look ta the world for now, you know?

 

[mervyn]

short thesis today, it seems the market is overextended

 

[mervyn]

short thesis today, it seems the market is overextended

daily target met, 55 points

 

[Laissez Faire]

4700 should be a good entry with a tight stop - at least for a scalp.

We'll either roll over here or bottom out in this zone (4700).

 

[Laissez Faire]

Higher time frames are heavy both on ES/NQ, but I would be slightly surprised if we roll over today. But who knows. Yesterday's was an odd day, anyhow.

 

[Laissez Faire]

Scalpers market. So far correct on ES bottoming out in this zone, but NQ is still looking heavy here. Not a good sign.

I'll be more confident in buying above 4710.

 

[Laissez Faire]

Should see a test of 4720 now, IMO. If that doesn't reverse this - 4730?

 

[mervyn]

another 50 points es and 53 points on nq, i am really done for the day. just need to watch color changes on the 4000 tick chart, it seems too easy today to scalp.

 

[VCtrading]

another 50 points es and 53 points on nq, i am really done for the day. just need to watch color changes on the 4000 tick chart, it seems too easy today to scalp.

Keep the peddle on!