ES Journal - 2021/2022

Concinnity said:
Yeah the move yesterday was very weak.... if there was real intention behind it, they would not typically come back down here and let sellers/shorts out. Would of kept them in for fuel to the fire for the upside move. Clearly selling into the new buying liquidity / short covering took precedence.

Going to need see something from bulls, otherwise going to continue to take shorts setups on pops. Like I say it could rip 500 ES points tomorrow on FED, but I don't have any probabilities on that so I'll be fine with missing it and can just trade the reaction.
More...

I reckon we will get back to the 12,24 daily EMA lines, one of the two and then start to go south again.
 
c1rcle said:
I reckon we will get back to the 12,24 daily EMA lines, one of the two and then start to go south again.
More...

Yeah a move to like 4500-4525(may move lower depending on how day action ends), which would actually be pretty standard. I imagine we should at least run back to some Daily ema lines like you're saying tomorrow on FED day. Makes perfect sense, once price gets so far out of bounds on any chart that is a good magnet for price.
 
Concinnity said:
Yeah a move to like 4500-4525(may move lower depending on how day action ends), which would actually be pretty standard. I imagine we should at least run back to some Daily ema lines like you're saying tomorrow on FED day. Makes perfect sense, once price gets so far out of bounds on any chart that is a good magnet for price.
More...

I didn't mean in the short term, although what you say could happen. It could also go side ways for a while as the moving averages come down more
 
c1rcle said:
I didn't mean in the short term, although what you say could happen. It could also go side ways for a while as the moving averages come down more
More...


Oh well yes that level of course will change if we move up or down prior to hitting it. However, given tomorrow is FED for me that increases probability we go up and touch it sooner than later. That's my expectation.
 
Concinnity said:
Oh well yes that level of course will change if we move up or down prior to hitting it. However, given tomorrow is FED for me that increases probability we go up and touch it sooner than later. That's my expectation.
More...

I like that theory. Although it would have to mean they have some kind of good news. Which I think is likely, just not sure what it might be. And as others have suggested, Tesla will share an update on the same day.
 
ooh lala......

Done for the day...

Untitled111.png
 
You must log in or register to reply here.
Back
Top