broke even with 5 points, 10 contracts rt, not an exciting day at all. will wait for the cpi number, until then
ES Journal - 2021/2022
- Thread starter Buy1Sell2
- Start date
broke even with 5 points, 10 contracts rt, not an exciting day at all. will wait for the cpi number, until then
When these large gap up days base out in the morning they rarely reverses down.
4573-4577 is a distribution zone I have. Also ES Daily resistance is 4577.75. ES looking oversold here as well. Hard to believe they won't try to break above the zone + Daily resistance at some point today to squeeze some shorts.
Anticipating 1. 83-85 target...
2. 93
2. 93
You should never "hate" anything about the market. Be friends with it. I get your point, though.
This Wednesday is currently set to open with a larger gap up ~ + 1,0 % with the prior day being positive, too.
Out of the last 10 times that happened, only one day was a "Down Day", but still positive on the day. The other days saw new highs in RTH being what I call an "Up Day".
Using this information to my advantage, I'll be looking to enter long. We may or may not get an initial pullback.
Initial target above is ES 4577.
As predicted. In advance.
Hope y'all made a buck.
flatten at 4479 and 4479.50, 4480 didn't even get filled. merely 4 points on 4 contracts in 20 minutes, the slowest day for a while now.
Merv, you were offered at 80 & didn’t get hit???
I sold 5 at 80 for my position account… as we traded thru it?
yes, profit target at 80, from 4578 and 4578.5, been waiting for over 20 minutes, I saw there were prints above that, queue is too heavy.
Oh crap, did you take a loss then here Spooz? I thought your position account you were loading up the shorts? Maybe its not a bad idea to lighten up with this strong rally? Is that your thinking? Thanks.
No loss … I’m building short position into the move .. which was completely anticipated as per my posts yesterday… all good here!
I’ve got plenty more to sell….