ES Journal - 2021/2022

[Overnight]

Welp, 9PM is proving to be ugly as Asia wakes up. Here comes the 10 PM block...

 

[vanzandt]

The pencil comes in not that much lower anyway.
About 4271
The pajama traders could easily knock it that low. And the nervous nellies on the Euro-open.
Other than that... we're going up.

There it is. 4271 and dropping right thru.
What I say?
"If you can hold thru the night."

 

[vanzandt]

Night Maryellen
Night Johnboy

........Night grandma

 

[Overnight]

10PM block holding the line, but with a downdraft smell. 2AM Euro shit gonna' get ugly. Fuck it, SP drops another 2 percent tomorrow. The hell do I care, I'm screwed anyway, because Powell this week is going to fuck the markets.

 

[formikatrading]

"Everybody gets what they want out of the market." -- Ed Seykota

The hell do I care, I'm screwed anyway, because Powell this week is going to f the markets.

 

[Concinnity]

Before I go to bed - Seriously though guys no joke if ES trading much below 4266.75, just make sure to honor your rules and stops. Below that is a potential complete failure of this daily buy setup, particularly if we candle close below. Often can be pretty brutal and fast moves down if a buy setup fails.

In addition the last buy setup we had on ES Daily came on a smaller more controlled candle and momentum also wasn't negative for that long. Here we have a huge buy up candle, those tend to be more unstable. Plus momentum has been negative for a lot of days now. So, less of a probability this buy setup produces as good results even if it ends up holding.

Looks like 4266.75 held overnight, only dipped a few points below it. Doesn't look overly exciting to be long up here though for me. Going to proceed with caution here into the open and protect my hard fought overnight profits. Longer term view for me is still bearish, but we'll see if this Daily buy setup has anymore steam or not. 4378 ES and 14268 NQ both area's of internet if we get any type of continuation.

 

[vanzandt]

4281
Ordinarily I'd pull out the magic pencil and come up with a # below that and say buy it here.
Not tonight.
Btfd.
4281 will work just fine. If you can hold on thru the night.

The pencil comes in not that much lower anyway.
About 4271
The pajama traders could easily knock it that low. And the nervous nellies on the Euro-open.
Other than that... we're going up.

Well @Overnight ... I hate to say I told ya so, but in this particular case....

That was the 8PM ET deal. We still have 9PM, 10PM and 2AM to get through. It's gonna' get ugly.

 

[MACD]

 

[Concinnity]

Looks like 4266.75 held overnight, only dipped a few points below it. Doesn't look overly exciting to be long up here though for me. Going to proceed with caution here into the open and protect my hard fought overnight profits. Longer term view for me is still bearish, but we'll see if this Daily buy setup has anymore steam or not. 4378 ES and 14268 NQ both area's of internet if we get any type of continuation.

Both ES and NQ nearing area of interest / targets. Closed my last long as far as futures go. May go higher but traded late last night, logged back on couldn't resist.

Need to trade above 4378 and 14268 decently to get another leg up, particularly need a candle close above on Daily for best chance.

 

[Concinnity]

This is like bare bones targets to hit on ES/NQ..... at least enough buyers to get there. Not too terrible of a fade yet here. But don't want to go down too far, a complete reversal is possible since Weekly/Monthly still don't look great. Wouldn't be surprising, but I am currently flat. Wasn't clear enough for me to fade/short. Just knew we hit major resistance so closed my longs.