ES Journal - 2021/2022

Monthly chart------down down down-----Bear flag.
upload_2022-9-6_7-46-4.png
 
Not holding Friday's Close is weak. Also broke a TL on the 60-minute.

See those long tails above that 3950 supply zone.

I think we're headed below 3900 on the day if this market can't find a bid soon. Probably need to hit 3900 before we'll find out for sure.

upload_2022-9-6_15-50-26.png
 
This is weak as hell, but I'm not loving the R/R here right now and we could see some choppy behaviour and counter moves as these levels are defended. Cashing in my chips and calling it a day for now as I have to be somewhere else.

This market appears to have much more downside still.

Playing it safe and conservative until my account is a bit larger. I missed the prime entry breaking below the morning low, but catched a few pieces in between.

upload_2022-9-6_16-9-44.png
 
So following the defence of 3,900 suggested by @schizo it is only reasonable that SPX is being taken 4k for a 3rd test. If bears successfully defend it then we ought to drop fast back to 3,900 and break through it.
 
Back
Top