ES Journal - 2021/2022
- Thread starter Buy1Sell2
- Start date
Anyway, if I had to guess, the market will probably rally until the end of the week, but some weird shit will happen over the weekend and the market will tank all next week. How's that for my prognostication?
Your guess is as good as any...
I'd say the playbook I put forth this weekend is acting out fairly well so far, i.e., we'll see run towards 3900 and we will either trade back into that range or it will be rejected.
So far, it was rejected as of yesterday's close and overnight action leading to a gap down open.
The problem now is that with the FOMC statement coming tomorrow all this goes out the window.
Regardless, even if we do rally, I have a hunch it will be sold just like the prior rallies so far in this bear market...
Stop this diarrhea, word salad. You’re confusing yourself.Your guess is as good as any...
I'd say the playbook I put forth this weekend is acting out fairly well so far, i.e., we'll see run towards 3900 and we will either trade back into that range or it will be rejected.
So far, it was rejected as of yesterday's close and overnight action leading to a gap down open.
The problem now is that with the FOMC statement coming tomorrow all this goes out the window.
Regardless, even if we do rally, I have a hunch it will be sold just like the prior rallies so far in this bear market...
View attachment 295608
Where's the next resistance if we should break out above 3900?Your guess is as good as any...
I'd say the playbook I put forth this weekend is acting out fairly well so far, i.e., we'll see run towards 3900 and we will either trade back into that range or it will be rejected.
So far, it was rejected as of yesterday's close and overnight action leading to a gap down open.
The problem now is that with the FOMC statement coming tomorrow all this goes out the window.
Regardless, even if we do rally, I have a hunch it will be sold just like the prior rallies so far in this bear market...
View attachment 295608
on the cash id say 3943, then 4119 give or take.
Hard to say, but I would pay attention to last week's mid-point in RTH. That's 3995. So, maybe 3995 ~ 4000 for an initial target to the upside.
The larger target would be the close from last Monday, i.e., 4130,50.
That's for ES by the way.
Yesterday was a weird and kind of funny day.
Did short 1ct ES at 3872.5, it was a mistake as I was meant do MES, they are under each other in the watch list. Had a gain of $1400 on the trade and later in the day the market chugged higher and I ended up exiting flat at zero. My thought was ES/SPX would close low for the session, aiming for $2000 profit to exit on.
Did short 1ct ES at 3872.5, it was a mistake as I was meant do MES, they are under each other in the watch list. Had a gain of $1400 on the trade and later in the day the market chugged higher and I ended up exiting flat at zero. My thought was ES/SPX would close low for the session, aiming for $2000 profit to exit on.
