ES Journal - 2021/2022
- Thread starter Buy1Sell2
- Start date
Weak dip to 3800 - check. Looks like NQ is leading higher for once lately.
I'm thinking 3850 from here, but not sure if we'll go that high pre-market. Might have to wait for the RTH Open.
I'm thinking 3850 from here, but not sure if we'll go that high pre-market. Might have to wait for the RTH Open.
Biden wants 3850 today. 
I've no idea how the markets will respond to midterm election results, but I imagine it will shake up the markets and we'll see a big move either way coming out of yesterday's range. Or worse - whippy and volatile two-sided action.
Yesterday (Monday) opened/closed inside last week's range. Normally, on any given week we'll see a move to the high or low of the prior week. I'm not biased either way at this point, but from my POV a move to 3850 first seems like the most likely play.
I would not buy or a chase a large gap on the Open, though. They've been sold hard recently.
I've no idea how the markets will respond to midterm election results, but I imagine it will shake up the markets and we'll see a big move either way coming out of yesterday's range. Or worse - whippy and volatile two-sided action.
Yesterday (Monday) opened/closed inside last week's range. Normally, on any given week we'll see a move to the high or low of the prior week. I'm not biased either way at this point, but from my POV a move to 3850 first seems like the most likely play.
I would not buy or a chase a large gap on the Open, though. They've been sold hard recently.
That breakout above the current overnight high at the time lost momentum. Doesn't change much from my POV as long as we're holding above 3800. For now it's just the usual back-filling and retracing on good old ES. It's not unusual that the first attempt fails.
Its going to be quite a gap to fill at this rate
At this point it's not that much of a gap.
Today's a Tuesday and we're set to open above yesterday's high when Monday was positive, too. Out of the last 6 times that happened only 2 days were gap and go higher from the Open.
Two of them had a much larger gap than this and that gap was sold hard on the Open.
I'm positioned long here from 3808.75, but will take an exit if yesterday's high doesn't hold on a dip.
This market can reverse on a dime...
