ES Journal - 2021/2022

We're holding the higher overbought levels pretty good and with catalyst, we could see a pretty nice up move still. 11246.50 is resistance and untested, if we get above that can get an actual up move. As long as NQ above 11170.50, I like the long.
 
We're holding the higher overbought levels pretty good and with catalyst, we could see a pretty nice up move still. 11246.50 is resistance and untested, if we get above that can get an actual up move. As long as NQ above 11170.50, I like the long.


A lot of trapped sellers / shorts in this setup likely. Nothing to do now but wait and see if and how high they can squeeze them. Above 11170.50 squeeze is still active, below that gets more difficult.
 
ES and NQ only retraced -38.2% of the day's range, while RTY a little more than -61.8%

So they might not be done dropping, especially if RTY continues down.
 
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