ES Journal - 2021/2022

[Concinnity]

These type of major shorting opportunities just don't present themselves very often in my view. I want to take advantage of it. Staying short---I expect that daily trendline to bust if not today, then very soon.

Yeah, that was a nice call. I "called" today nearly perfect. Identified to short and also was within 2 points of the LOD looking for a bounce(Monthly NQ support at 15154.50), I just didn't trade very much size on the long and wasn't aggressive on the short despite the high probability of shorts working well today.

Looks like you both called it and traded it well too. Decent day for me so far, but it day's like this you can and should be taking advantage of for out-sized gains, as they don't always come around a lot.

 

[Buy1Sell2]

Current hourly chart of SP showing the tag of that daily trend line.

 

[Buy1Sell2]

Heading out for 18. ---Talk to you soon.

 

[mervyn]

Same as everyone else, a bit cautious today and this week. Tuesday Powell confirmation hearing, Wednesday CPI to watch. Market will be choppy but not broken.

55 points ES and 25 points NQ are good enough for today. I trade upticks only, not much a knife catcher.

JPM just literally say, buy the dip markets can handle higher yields.

Now need to go attending my stocks rotation, wish I have more money to buy today.

 

[Builder17]

These are tricky times! January is usually a struggle for me

 

[vanzandt]

It remind me of Monte Carlo Casino because because market has been hitting the "black" so long. Many people have shorting because it is "due to hit red."

That's a very good analogy/insight.

 

[NumberZ]

EXACTIMUNDO.

SPX made higher today than yesterday high.

Change to strong for weak? For how long?

First sign of "strong" since last Tuesday high. all time high.

 

[mervyn]

today is the repeat of yesterday but earlier, dip buyers came in as soon as jp sat down. 180 points ES and 72 points NQ, the best day of this year.

 

[mervyn]

First sign of "strong" since last Tuesday high. all time high.

No, the first sign was my dad called me yesterday afternoon and told me to buy Microsoft and AMD. The dip is noticeable ever onto the main street.

 

[Buy1Sell2]

SPX made higher today than yesterday high.

Change to strong for weak? For how long?

First sign of "strong" since last Tuesday high. all time high.

I still see a lot of downward potential in the weekly chart below