ES Journal - 2021/2022

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….
Oh, gotcha, selling more to increase the short position and improving your average. Understood.
 
Screenshot (228).png
 
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….

To be clear - you shorted starting yesterday and anticipate a larger move down from here...?
 
My simple view is that the market is breaking out to the upside. If we can clear 4600 on ES tomorrow I think we'll see 4654 already tomorrow or Friday at the latest.

Today SPX filled the first gap above. There's a small chance we'll print a mini double top or FBO here, but I have to say I favour the long side from here.

Updated:

upload_2022-2-9_22-26-44.png
 
Guys we're so close to last ES relative high (4586). I'll be pretty surprised if we don't short squeeze. Was expecting more of an up move today, but to be fair NQ performed a lot better and I was long NQ/RTY. But the fact we didn't get more out of ES, made my RTY fall short of expectation.


High probability of a short squeeze here from my view / opinion.
 
Back
Top