ES Journal - 2021/2022

[SunTrader]

Even the tentative buyers today have disappeared.

 

[mervyn]

51 points on 16 lots, done for the day. Break out is unlikely today.

I am a bit perplexed, ES and NQ charts look exactly the same on 5 15 30 minutes.

 

[SunTrader]

10year yield heading to BRN of 4%. Current HOD so far 3.877%

 

[Laissez Faire]

Slow motion crash.

An Inside Day could happen, but most likely we'll take a shot at Friday's low now. Curious if we'll find a bid there or not.

Might get the June Lows as soon as today.

 

[Laissez Faire]

Some bidding here, but no biggie. Haven't the dip buyers learned?

I'm a late short here at 67 targeting 10 points. Tight leash.

 

[Laissez Faire]

Initial FBO. Will stop for a point profit here if this reverses and go long.

Missed target by 2 ticks and got greedy. Will trail aggresively if we get another leg lower.

 

[vanzandt]

I think we're gonna get a hard reversal up
spx 3654
For the day at least

 

[Laissez Faire]

They got me for 1 point profit. Might seriously have to consider that scalping approach. I've had two trades stop me out for smaller profits that were in the + 10 point range unrealized today.

Let's see if this can get legs. NQ showing some positive divergence today.

 

[Laissez Faire]

Someone wants a headline now. Someone wants to avoid it. I.e., June Lows breached...

Could get some whipping back and forth here before either side relents.

 

[Concinnity]

To me looks more like forced short covering from the likely over crowded trade of people looking for June lows to be busted(basically same action / thing as last week). You know how they do it on a micro scale all the time as we get near a LOD people jump in and they move it up a little to clear them out prior to busting the low, same thing just on a larger scale here.

I am pretty much only shorting pops, not going to chase it down here. Not the end of the world if we bust June lows and I am not short.