ES Journal - 2021/2022

50 % reversal almost to the tick. Technical trading. Let's see if we can get some continuation lower now.

If we put in a higher low now and trade back into yesterday's range I suppose all bets to the downside are off for the day.

It looks OKAY for now, but I'm very wary of these violent spikes coming out of nowhere.
 
Laissez Faire said:
It looks OKAY for now, but I'm very wary of these violent spikes coming out of nowhere.
More...

Like now... :mad:

Not easy to hold short through these spikes.

I have 03/05 as some kind of line in the sand for today. If we trade above that and get continuation higher, I would assume we're done below.

Right now, this is a range bound mess which may continue for a few hours until marking out a direction. At least that's how I read it.

One might think that since we didn't make new lows this time we're done below, but I'm afraid it ain't that easy.
 
And signing off. My market read have been way off today. I knew this was a tricky spot, so I should have known better.

Hope the rest of you had a more profitable day/week so far.

Stay safe.
 
You must log in or register to reply here.
Back
Top