ES Journal - 2021/2022

[mervyn]

obviously moved up the target to 3860-75 range, opened last night at 3800

out 3841.5, good 41 points

 

[Concinnity]

In between that "TA" - there was a f**k ton of movement, though.

No need to get overly anything in this environment, IMO. This is not the bull market of the last 10 years, but a fairly volatile and nervous market which turns on a dime making fools of both bulls and bears.

It's true but I didn't make that comment until market was closed and when we opened we candle closed above 3777, so wasn't really that crazy. Overnight action was mainly up to be fair. So I don't see any issue with TA in this regard personally. Yes I did trade overnight and took this long tis morning. Not that anyone here cares, just saying I can't / don't post regular updates. I will do voice with people trading, where you can actually communicate, not hiding behind text though.

 

[formikatrading]

Got thru that bearish seasonality day yesterday -- today thru next week is about as strong as you can get seasonally. Looking like ES / NQ playing a little catch up to RTY. ES pushing up against the 50-day.

 

[mervyn]

Got thru that bearish seasonality day yesterday -- today thru next week is about as strong as you can get seasonally. Looking like ES / NQ playing a little catch up to RTY. ES pushing up against the 50-day.

on daily 50 is ema 3832, on weekly is 3916, we almost printed 3900, fairly bullish until fed meeting.

 

[Relentless]

Nice strong trend up day.

Here's to hoping you guys caught one of the dips if you weren't in during the overnight.

 

[formikatrading]

Overall breadth (not cap-weighted) has been telling a different story than some of the big caps this week.

on daily 50 is ema 3832, on weekly is 3916, we almost printed 3900, fairly bullish until fed meeting.

 

[Relentless]

Should be clear for a run to 3900 now anyway

 

[formikatrading]

Was fortunate enough to see NQ this morning. Looking for a run to 50SMA next week.

Nice strong trend up day.

Here's to hoping you guys caught one of the dips if you weren't in during the overnight.

 

[Laissez Faire]

Should be clear for a run to 3900 now anyway

That was my forecast earlier this week. However, even if a forecast eventually turns right, there's a shit ton which can happen between A and B in this market, so trading it isn't necessarily as straight forward or easy as those pullbacks or short term reversals can be as deep as the ocean.

For me it was a losing week and month. I got sloppy and cocky. Not much margin of error trading with leverage.

 

[mervyn]

out 3841.5, good 41 points

Back in at 3860, target exit 3925 GTC