ES Journal - 2021/2022

[Laissez Faire]

Inside Day. They do happen once in a while. Based on what I see, there's a slight bias to the down side for tomorrow, but it's a mixed bag right now.

Stalling a bit here at 4150, so maybe the turn is coming already at this level?

 

[Overnight]

Inside Day. They do happen once in a while. Based on what I see, there's a slight bias to the down side for tomorrow, but it's a mixed bag right now.

Stalling a bit here at 4150, so maybe the turn is coming already at this level?

View attachment 291143

Your bias will either be wrecked or confirmed by the NFP tomorrow, not because of a technical level. When it comes to indices, it's the macro fundys that matter.

 

[Laissez Faire]

Your bias will either be wrecked or confirmed by the NFP tomorrow, not because of a technical level. When it comes to indices, it's the macro fundys that matter.

Maybe. I like to keep it technical regardless.

 

[Overnight]

Maybe. I like to keep it technical regardless.

Keep it technical? That is not a very "Laissez Faire" attitude! You have the wrong nick!

 

[Relentless]

My money is on higher. Everyone seems to be looking short now.

Think we see 4200 at the least first.

 

[Master Pu]

My money is on higher. Everyone seems to be looking short now.

Think we see 4200 at the least first.

Actually, it is about 50/50 as far as retail traders are concerned.

 

[schizo]

My money is on higher. Everyone seems to be looking short now.

Think we see 4200 at the least first.

I see two possible scenarios. 1) Trendline (reversal at around 4370ish) or 2) measured move (if true, it should reverse any day now).

 

[Relentless]

Actually, it is about 50/50 as far as retail traders are concerned.

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Unfortunately retail money doesnt move markets - but i do get the relevance in monitoring retail positioning.

 

[Overnight]

Damnit, I was about to post that the NFP print tomorrow was going to set a direction into the Sep Fed meeting. But I now see the next CPI print is Wednesday, with PPI on Thursday. Crap!

No wonder the VIX will never drop back to 9.

 

[Relentless]

The above is why i stick to technicals - at least for short term trading. Much headache and wasted time avoided paying attention to fabricated news.

Charts never lie.