ES Journal - 2021/2022
- Thread starter Buy1Sell2
- Start date
There is no such thing as thesis when trading
Applicable to any and all trades.
Thesis
a proposition stated or put forward for consideration, especially one to be discussed and proved or to be maintained against objections.
https://www.dictionary.com/browse/thesis
Reminder---there is no prediction that price will immediately drop to the lowest Bollinger Band. I am just saying that it is high time to do so and at some point, it will.
Well, one week later to the minute +/-....We're heading lower this week.
We are lower, but now where from here?
Hmmmmm.
No opinion yet.
No one knows.
The overnight will be a range-bound chop session I think.
We're whale watching for now.
And the whales are also whale watching.
The other whales.
No one knows is right @vanzandt . All opinions and guesses now. Fun to guess, right? Haha!
My guess is ES goes down. In general. Until the options expire. January 21. That is what everyone says they do. Go down into options expiring. That is one week before FOMC. january 26 FOMC. Guess what else on January 26. According to think or swim? Tesla earnings after the bell!
So that is my guess. ES down into January 21. The options expire. And then buy ahead of FOMC. And Tesla earnings. And then bang zoom! Look for low on friday 21 or monday 24. Sound good like a good plan?
How low?
Haha! More guessing. ES 200 day simple moving average at 4400 today. It is going higher day by day. @Buy1Sell2's bollinger bands on week chart lower band now 4331. Also higher each day maybe?
So there is how low. Between 200 day simple moving average. And Mr. @Buy1Sell2 bollinger band. week long lower band.
@Buy1Sell2 my hat is off to you. Nice call!
So far so good. We'll see. ---I had stated earlier that we had legs to get to 4530. I hope we have more legs than that.
So far, it has gone right to that line and bounced. I still expect it to go through at some point soon.