Usually, the action is more tradeable when Europe opens.
ES Journal - 2021/2022
- Thread starter Buy1Sell2
- Start date
I reckon if 3800 doesn't hold we are looking at the 3711 area next followed by either a move to 4000ish or new lows. I think down to 3711 then to 4000 is more likely.
Short term (Daily) I see trend as up and longer term down. Breakout and close above/below yesterday's High/Low may determine which way it is resolved. Unless current day and/or tomorrow are inside days.
On an even shorter term basis (60 minute) I see longer term up and shorter down with current support/resistance levels labeled on chart:-
Well I have a new long position open.
I agree. On the 4hrs and daily the ES is trending up, but the NQ is still in a downtrend on the daily which probably isnt helping.
I was just purely looking at the 4 hours and thinking that previously it retraces to a level similar depth of around the 3700 mark before moving higher, so wouldnt look out of place here. Plus the daily seems to be getting repelled a bit by a downward trend line that started around the 10th of August.
93 is the weekly Open and currently holding. Bigger move coming out of here - up or down. Stopped out of a few late shorts here with tight stops, so flat and stalking now.
Okay. Shorted 96.50. Stop and reverse long at 98 with a tight stop.
Stopped and reversed long. Will bail at 94.