Plenty of FBOs in both directions lately. Eventually - something's gotta give.
ES Journal - 2021/2022
- Thread starter Buy1Sell2
- Start date
My best guess is that we'll see a good long move coming out of this base as SPX fills the gap from above. Then we'll see if that zone reverses the short term trend for a move lower again or if we get continuation higher.
No posting trades today, but I'm long here myself and will leave it at that.
Probability looks more down to me. However, if you are right and we have a complete reversal and start trading back above daily supports, you'll have a huge day.
Candle closing below Daily ES 4490.50 and NQ 14633.25 trading below puts a lot of downside pressure. Only have RTY above daily support (1980.80) so if that goes below as well. Than all three will be below.
The view was brighter when I posted what you're quoting me on.
This demand zone around 4470 is still holding though and I managed to stay in my long trade through that drop since I'm swinging only a micro.
If we fail to break out one more time to the upside - I'll go flat.
For now, this is still holding as a messy bottom.
Two Inside Days in a row are quite rare, though, so something's gotta give by the close. Either 4462 or 4514.
There always seems to be a bid in this zone. Tricky.
Not shorting this. At least yet.
Not shorting this. At least yet.
The view was brighter when I posted what you're quoting me on.
This demand zone around 4470 is still holding though and I managed to stay in my long trade through that drop since I'm swinging only a micro.
If we fail to break out one more time to the upside - I'll go flat.
For now, this is still holding as a messy bottom.
Ah ok sorry, I did not check time should have. Obviously that's important.
The odds of an Inside Day following another Inside Day is about 4 %. So, pretty rare. Tagged yesterday's LOD, so no longer relevant.
The odds of an Outside Day following an Inside Day is better, though. About 17 %.
