ES Journal - 2021/2022

A reminder of what happened last month and which is very often the case on CPI/NFP/FED days, the first move is usual a fake-out:-
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A reminder of what happened last month and which is very often the case on CPI/NFP/FED days, the first move is usual a fake-out:-
View attachment 297362

That's a 1-minute chart, though. And doesn't show where we're at in the daily cycle.

Last month's CPI was released following a strong multi-day bear market rally. This month's CPI is coming off a strong drop near year lows.

Sell the rumor, buy the news.

Holding through the report is probably gambling, though, but I'd bet on a rally here if I had to.
 
That's a 1-minute chart, though. And doesn't show where we're at in the daily cycle.

Last month's CPI was released following a strong multi-day bear market rally. This month's CPI is coming off a strong drop near year lows.

Sell the rumor, buy the news.

Holding through the report is probably gambling, though, but I'd bet on a rally here if I had to.
You missed the point ... of my showing a one minute chart and ignoring all else. Oh well.
 
That was an insane drop. Again. I wonder what the slippage was on that for anyone with market orders.

Glad I had the judgement to go flat going into that. And my sympathies to any longs holding into this.

There's always been some spikey action on certain reports pre-market, but these last two have to be unprecedented as far as I can recall.
 
crazy!
too fast to post but luckily got out of my long on the spike up for +16 and then watched it crash lol.
Just waiting to get short now
everyone saying 3300 next
 
I went short right before report release based on a TD Sequential Sell signal only to get out (don't ask me why) with a measly 15 NQ points before it waterfalled down. Damn
 
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