ES Journal - 2021/2022

If week were closing today $SPX weekly bar is an outside one (of course it still will be tomorrow) with a down close currently. A tad bearish for longs. Nothing is automatic though.
 
SunTrader said:
If week were closing today $SPX weekly bar is an outside one (of course it still will be tomorrow) with a down close currently. A tad bearish for longs. Nothing is automatic though.
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Yeah back to bearish again now in my opinion. Wish I had just left my shorts in place now really, but because the 4 hours was oversold I thought a switch to long was a good idea.

I don't think I will go long again until there is a change in the longer term trend already.
 
(The Chart Report)

Today’s Chart of the Day was shared by Tyler Lovingood (@Tyler_Lovingood). It's a daily candlestick chart of the US Dollar Index ($DXY) over the past six months. The bulls keep trying to call a top in the Dollar, but as Tyler points out, the uptrend remains intact. Dollar strength has been putting pressure on stocks and risk assets all year. That pressure is likely to continue as long as the Dollar is trending higher. You can understand why the bulls want it to break down, however, it's just not happening yet

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Reminder NFP @ 830am ET
 
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c1rcle said:
Yeah back to bearish again now in my opinion. Wish I had just left my shorts in place now really, but because the 4 hours was oversold I thought a switch to long was a good idea.

I don't think I will go long again until there is a change in the longer term trend already.
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Glad I didn't get stopped out of my longs now.
 
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